How important is it to pre-pay my funeral expenses? If you eventually go to a nursing home, it could be very important. Ohio law requires that you “spend down” your income and assets to pay for your care, often resulting in there being no cash left to pay for your final expenses. Prepaying those expenses—so long as you cannot get your money back – prevents that from happening. This should be discussed with your estate planning attorney.
Latest posts by Jack N. Alpern, Estate Planning Attorney (see all)
- The Inflation Reduction Act - September 13, 2022
- How Do I Trust Thee…Part II - July 1, 2022
- How Do I Trust Thee…Part I - July 1, 2022