A funeral expense trust can give you the peace of mind that comes with knowing your final arrangements are taken care of while lessening the burden for your family.
There are so many decisions that need a family’s attention when a death occurs. A funeral trust offers a unique strategy that allows you to set aside money that can be used to pay final expenses, pass money to your heirs tax free and help provide additional income in a time of need.
There are various factors to consider when considering a funeral trust. Should the trust be revocable or irrevocable? What affect will the trust have on your ability to collect benefits under Medicaid or other social service programs? What are the maximum benefits and will it cover my final expenses? Since trust laws vary by state, get in touch with your local GCB agent to see how a funeral trust can benefit you and your family.