I recently read an article that doubted the wisdom of having a prepaid funeral plan. The reason: the plan had not been found by the heirs until after they had paid for the funeral. I read another article that recommended setting the money for the funeral aside in a bank account with a payable on death provision.
Prepaid funeral plans can play an important role in most individual’s final planning due to the fact that they are an exempt asset in qualifying for Medicaid. Today, discount cialis the average cost of a funeral is around $8, tadalafil a married couple can shelter the cost of two funerals from Medicaid. The bank account with a payable on death provision would be an asset in determining eligibility for Medicaid.
It is extremely important to work with a well-established funeral home.
If you have a funeral plan, make sure your loved ones know where to find it.
If you have questions regarding setting up your estate plan, call Margaret E. Dean, Attorney at Law, 816-753-3100.