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)
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