Irrevocable Funeral Trusts are used to legally exempt money that is intended for funeral, cemetery, cremation or other allowable expenses from counting as a resource for Medicaid.
Medicaid qualification often occurs when someone enters a nursing home or has other very expensive medical needs that will soon exhaust their countable assets.
Failure to set up a funeral trust can result in losing these assets to nursing home costs or medical bills and could cost your family up to $10,000 in Indiana or up to $15,000 in many other states that could be easily set aside to cover your funeral costs.
Please contact me at (800) 673-5309 if you have any questions about protecting your family's assets with a funeral trust.
-J Scott Burke
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Newbury Financial - Insurance Solutions 230 2nd Street Suite #201, Henderson, KY 2420 E. Morgan Avenue, Evansville, IN ph: 800-818-2420 fax: 877-562-8753 alt: 812-459-2445 firstname.lastname@example.org