Does pre-paying funeral expenses make sense? Yes, for a number of reasons: (1) If you end up in a nursing home, the amount you have prepaid does not have to be spent on your nursing care, if you set it up properly; (2) that step takes the burden off your family of otherwise not knowing your wishes for your arrangements; and (3) it avoids your family over paying for your funeral.
-Jack N. Alpern
Latest posts by Jack N. Alpern, Estate Planning Attorney (see all)
- Charitable Planning in Times of Crisis - November 1, 2021
- Advantages of Using a “Grantor Trust” in Planning - October 5, 2021
- Dangers of Do-It-Yourself Estate Planning - August 1, 2021
