Planning ahead for your final wishes is simple and only takes about an hour to complete. There are three basic steps to creating a healing and meaningful funeral plan that will help your family cope with your loss on one of the hardest days of their lives.
You plan for everything in life — birthdays, anniversaries, weddings, vacations, homes, retirement, and much more. Why shouldn’t you also plan for final wishes? While no one likes to think about their own demise, the fact remains that one day, your family will need to make dozens of hard decisions to arrange for your final life
If you need to qualify for Medicaid coverage for long term care, you may be trying to think of smart ways to spend down your assets. Burial plans can be set up as exempt assets so that they are not counted when applying for Medicaid coverage. This way, you are able to preserve some assets that your family will need one day.
If you want to plan ahead for your funeral wishes or plan a funeral for a loved one, the checklist below will help you in making important decisions:
There are many ways to take care of the financial aspect of a funeral in advance. However, not all payment methods are created equal. Each method has its own risks and benefits, so it is up to you to decide which payment method is right for you.