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From pre-need funeral insurance, Medicaid compliant Single Premium Immediate Annuities (“SPIA”) or the Irrevocable Funeral Trust, we’ll help protect your legacy on your terms. Contact us today to start planning.
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Irrevocable Funeral Trust Pre-Need SPIA. Work With Us. FAQ....
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Purchasing an irrevocable funeral trust allows applicants to set aside funds for funeral and burial costs they or their family will have to pay for eventually. And by doing so, they reduce their countable assets, which may help them qualify for Medicaid.
30 Σεπ 2024 · Learn how irrevocable funeral trusts can reduce assets for Medicaid qualification, costs, limits and pros and cons.
Irrevocable Funeral Trust. Funeral trusts are a type of irrevocable trust created expressly for the purpose of paying your final expenses. The trust contains, as its asset, a single premium life insurance policy. (These policies are only offered by a select group of insurance companies.)
12 Ιουν 2024 · An Irrevocable Funeral Trust can help you qualify for Medicaid by lowering your countable assets, and it can give you comfort knowing your burial and funeral expenses are paid for and won’t be a burden to your family.
An irrevocable funeral trust is one way to pay for your funeral, but it isn't without cons. Here is both sides of the argument in using these tools.
17 Νοε 2023 · What Is an Irrevocable Funeral Trust? An Irrevocable Funeral Trust (IFT) stands as a dedicated financial arrangement established during an individual’s lifetime to cover anticipated funeral and burial expenses. It operates as a specialized trust account specifically designed to earmark funds for end-of-life costs, ensuring that these expenses ...