Irrevocable Funeral Trusts

Security for your future

Protecting Your Assets

Protecting your assets at any age is important, but never more than when you are confined to a nursing home or need to apply for Medical Assistance (Medicaid). By transferring ownership of your policy to the NGL Funeral Expense Trust, as of the effective date of transfer, you may be able to exclude your policy as an asset for Medicaid eligibility purposes. In addition, you can be assured that the funds in the policy will be used to first pay your funeral expenses, with any excess returned to your estate.

Benefits of an Irrevocable Funeral Trust

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Excluded From Assets

The ability to exclude your policy as an asset in order to qualify for Medicaid and Supplemental Security Income (SSI).
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Proceeds are Paid to the Trust

Policy proceeds are paid to the Trust, which then pays funeral costs. Any excess will be paid to the estate of the Insured.
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Funds are Protected

Funds used for funeral expenses are protected from creditors, such as nursing homes, hospitals, lawyers, etc.
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Avoid Probate

Death proceeds used for funeral expenses will avoid probate costs and delays.
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Tax Free

Income tax free benefits* (See IRe Section 101a).

Individual state regulations may vary.

We recommend that you consult a Legal Adviser for complete details on irrevocable assignments, Medicaid eligibility and using a trust to protect your assets, including a life insurance policy.

We can assist you with finding a qualified attorney who can help with acquiring an irrevocable funeral trust.

Contact us today for assistance about establishing an irrevocable funeral trust.

Questions? Let Us Know!

"You were right. if we had to come up with the money at this time in our lives, we would be financially stripped."

Dear Karen,

We were all very appreciative of the pre-funded funeral planning you arranged many years ago.

You were right…if we had to come up with the money at this time in our lives, we would be financially stripped.

Wishing you well, and thanks for everything.”

Love
Ed, Paula and Jaime