Credit unions are often a better deal than banks and tend to pay higher yields on deposits.
When you lose something in your life, stop thinking it's a loss for you... it is a gift you have been given so you can get on the right path to where you are meant to go, not to where you think you should have gone.
There is no law saying you have to die before your assets can be passed to loved ones. In fact, gifting earlier can be a lovely way to witness how your money helps your family thrive.
If you wait until your children are high school seniors to spring it on them that there's not a whole lot of money for school, they won't have too many options.