Hi, please help me.

Single parent of 27 year old (has a house), 16 year old and 13 year old, I am renting and I have 150K cash. I have cancer and expect to live for another 14 months. My two youngest kids will live with eldest brother. Eldest brother is barely making ends meet. I have 100K life insurance.

My last wish is to have college fund for kids and money on side for them. Eldest brother needs $20K to deposit into house in order to avoid paying for mortgage insurance premium ($290 per month).

What are my options, please advise me on investments.

Your best investment is getting a living trust put together. It not only will help insure how your money will distributed and used but will also deal with medical power of attorney in case you can not make a decision on your own behalf as well as legally showing who is going to be responsible for your minors.

The attorney who draft this may have additional advice. Don't wait. Even if someone is healthy they should have this done also.

I am very sorry to hear about your situation and my heart goes out to you and your family.

I definitely agree with First Financial on this matter regarding addressing your estate planning. For the investments you should keep the money in relatively conservative investments as your kids are close to college age and you may not have an experienced investor managing the funds. Cash is king in your situation.

You should look in the the 529 prepaid tuition plans in your state for your two younger kids. The funds you have available could cover their tuition. You should make sure some money is available for your oldest to cover the costs of raising the two other children.

I am sorry to hear of your situation too. I agree with TheCaptain and First Financial -

Best of luck to you and your family. But always know that your life expectancy is an estimate and not guaranteed - you never know - you could be hit by a bus tomorrow. Life each day to the fullest and appreciate it for what it's worth.

I am so very sorry to hear of your situation. I'm also losing two close people in my life due to cancer. I have no advice, money-wise, but I just wanted to give a shout-out and say best of luck to you and your children!

Hey best of luck. Do not always assume doctors are correct either. Look into macrobiotics (you need a macrobiotic counsleor, not justy a book on it) and also take turmeric capsules, fish oil and selenium. As for your kids, I agree with the captain and first financial help. Also, you might want to put some $$$ in a trust that the kids cannot touch until they are 30. Best of luck and God bless you.

Hi

I am a CFP that works for ExecPlan Express Financial Planning softwrae that is primary used by professional adviosrs. I came across you listing and hope i can give you some helpfull direction. Set up 2 529 plans, one for each child. Many states offer prepackaged plans that anyone from any state can invest in. These prepackaged plans will provide a variety of investment choices, in your case I would be extremely conservative, especially since you children are not that far from college, 529 plans provide tax free and defered growth. Name the children as beneficaries for the 529 plans as well as for the insurance so as to allow these assets to bypass probate and creditors

Hope this helps