Helping a client to set aside funds to meet their funeral, and memorial expenses will help minimize stress and worry for those left behind. Their family can take comfort in the fact that your funeral will take place according to their wishes and has been taken care of financially.
Depending on location, the cost of a funeral can cost $10,000 or more. Many people, concerned that day to day living expenses will erode their savings, now put aside money specifically to cover their funeral.
Up to $15,000 can be put aside in a prepaid funeral trust and is not counted as part of your assets when calculating eligibility for Medicaid or Veterans Benefits.