Peace of Mind

Don't let your assets be eaten away by nursing home expenses, leaving your family to pay for your funeral.

YOU CAN PROTECT THE MONEY SET ASIDE FOR YOUR FUNERAL AND RELATED EXPENSES. In many cases, nursing homes and Medicaid can legally confiscate assets to defray the cost of long term care leaving loved ones to cover the costs associated with your passing.

An Irrevocable Funeral Trust is:

§ Shielded from confiscation by any nursing home or government sponsored care (Medicaid)

§ Exempt from Medicaid and Supplemental Security Income (SSI) “spend down” requirements and Estate Taxes

§ Protected from inflation

§ Not dependent on relatives or friends to administer

An Irrevocable Funeral Trust allows you to lock away funds set aside for your funeral costs as well as additional expenses related to your passing such as:

§ A permanent monument in the cemetery

§ Travel expenses for family members to attend your funeral

§ Outstanding debts or obligations

§ Hospital, doctors, legal or attorney’s fees

§ A reception after the service

 Unlike many insurance policies Irrevocable Funeral Trust qualifications are minimal; no underwriting or medical examination is required and no one under 99 years of age can be turned down for any reason and there is no questionnaire to complete.

An Irrevocable Funeral Trust is your money, earmarked for funeral expenses and paid into the trust in full at the time the trust is created.

Suggested Funding Sources are:

§ Exchange an insurance policy with built-up cash values

§ Expiring CD’s or Treasury Certificates*

§ U.S. Savings Bonds* 

§ Tax free withdrawal from most Annuities (up to 10%)

§ Out-of-pocket funding

*May have tax implications. Discuss funding options with your broker.

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