- Expenses for the decedent’s funeral;
- Administration expenses, which includes legal fees, probate fees, and appraisals among others;
- Money owed to the government such as estate and income taxes; and
- Real property taxes that were accrued prior to the decedent’s death.
While it may be emotional and difficult to think about, pre-planning and pre-paying for a funeral will ensure that your wishes are carried out properly. In addition, establishing an irrevocable pre-paid funeral trust can also assist with spending down assets in order to become eligible for Chronic Care Medicaid. An irrevocable pre-paid funeral trust cannot be canceled, changed, or revoked prior to death. It is worth noting that the money in the trust cannot be refunded even if the funeral costs less than the funds available. Continue reading “Pre-Plan and Pre-Pay Today!”
An authorization for final disposition allows someone to designate an agent to make arrangements for their funeral, as well as take control of his or her body upon death. An authorization for final disposition can set forth instructions for the following:
- Flowers; and
- Cost, among other arrangements.
An authorization for final dispositions is a document that allows a person to designate who will be in charge of their body and funeral arrangements upon his or her death. In addition, the document provides family members and loved ones with specific instructions regarding a person’s wishes for their funeral and body disposition. The document may include information regarding: Continue reading “Authorization for Final Disposition”