By pre-planning your funeral, you relieve your family of having to make important financial decisions during a period of great stress and grief. Families have the option of paying in advance for selected services through a funeral trust funded by an irrevocable trust. These are referred to as a funeral trust.
The funds are no longer an asset. Funeral trusts are 100% transferable. If you are applying for medicare, your funeral trust will not be counted as an asset. You can keep the policy and be placed on medical assistance programs through the state.
If you are interested in information about how to pre-plan you or your loved one’s funeral, give us a call or use the contact us button for email. We are happy to sit down with you and your family to discuss options.