Live Breaking News & Updates on Burial life insurance

Stay informed with the latest breaking news from Burial life insurance on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Burial life insurance and stay connected to the pulse of your community

The pros and cons of funeral trusts

The pros and cons of funeral trusts
Bankrate
2/8/2021
© Dana Neely/Getty Images
Dana Neely/Getty Images
The Internal Revenue Service defines a funeral trust as "a 'pooled income fund' set up by a funeral home/cemetery to which a person transfers property to cover future funeral and burial costs." Funeral trusts allow people to pay funeral expenses in advance, and that can spare survivors a lot of difficult decisions. Some nursing homes even require a funeral trust as a condition of admission. However, if the trustees are not reputable, the information is not kept up to date or if Medicaid and tax implications are not considered, financial planners warn that such trusts can instead bring bereaved families even more grief.

Laguna-niguel , California , United-states , Florida , San-diego , Wisconsin , Angie-grillo , Marilyn-capelli-dimitroff , Dana-neely-getty , Jeanni-harrison , Revenue-service , Capelli-financial-services