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  1. 30 Σεπ 2024 · Learn how irrevocable funeral trusts can reduce assets for Medicaid qualification, costs, limits and pros and cons.

    • Medicaid Planners

      Since their primary expertise is care management, and hence,...

    • Spend Down

      The payments can be for a set period shorter than one’s life...

  2. 14 Φεβ 2023 · When creating an estate plan, be sure to consider the possibility of setting up an irrevocable burial trust. This fairly simple legal document may enable you to both pay funeral costs and secure Medicaid benefits for long-term care.

  3. 10 Σεπ 2024 · Establishing an irrevocable trust in Pennsylvania and New Jersey involves navigating complex legal terrain. Specific requirements, such as drafting the trust agreement and transferring assets into the trust, necessitate a deep understanding of state laws and regulations.

  4. 5 Αυγ 2024 · Setting up an irrevocable trust is a momentous decision. At Hess Verdon & Associates, Pennsylvania, estate planning attorneys will take you through everything, ensuring the trust meets its needs and objectives.

  5. 12 Οκτ 2022 · How to set up a funeral trust. It’s relatively simple to set up a funeral trust. You (as the creator and trustor) already know the goal of your trust: to set aside a specific amount of money for the prepayment of your future funeral and burial expenses.

  6. Step 1: Determine Your Goals. Before creating a trust, clarify your objectives. Consider what assets you want to place in the trust, who you want to benefit from it, and how you want the assets managed and distributed.

  7. 16 Αυγ 2023 · An irrevocable funeral trust is a way of setting money aside to pay for your funeral and burial expenses. Yahoo Finance’s recent article, “Pros and Cons of an Irrevocable Funeral Trust,” explains that an irrevocable funeral trust is a legal entity that helps people pay for their end-of-life costs, such as funeral and burial expenses.

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