The purpose of the funeral trust is to set aside funds, so that if you enter a nursing home, these funds are Medicaid exempt and protected.
Since most seniors do not have nursing home insurance, this is a great way to shelter funds from the nursing home to provide for funeral funding.
Most Attorneys agree that all senior citizens should include a funeral trust with their legal estate planning. Funeral trusts can now be set up by attorneys, financial planners, and insurance agents. Today, you can fund your funeral trust in the comfort of your home with your trusted advisor instead of going to the funeral home.
Let's face it, no one wants to pick out caskets and all those dreadful things at the funeral home. But yet most people feel putting funds aside is more important. The funeral trust provides peace of mind that these funds will be there when you past away, even if you went to the nursing home.
Go to : www.funeraltrusts.com for more information.