Is preplanning and prepaying for funeral and burial a good idea?

Sep 7, 2018

Is preplanning and prepaying for funeral and burial a good idea? Absolutely. Preplanning for your final expenses avoids your family paying for a funeral which may not have been consistent with your wishes. Prepaying for funeral and burial is also prudent, since amounts paid do not have to be used to pay nursing home expenses, in order to qualify for Medicaid.  These issues should be discussed with your estate planning attorney.

-Attorney Jack N. Alpern

Page Tools

  • Share this page SHARE
  • Print Friendly and PDF

Other Articles You May Find Useful

What if I Want to Exclude a Child From Inheriting?
Is Long-Term Care Insurance a Good Investment?
At what age should I be concerned about protecting my assets against nursing home costs?
How Much is Enough for Your Children to Inherit?
If I transfer my home to a child of mine, does that start the 5-year “Look-back” period?
Once I start the 5-year period…

Leave a Reply

  • (will not be published)

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>