Irrevocable Funeral Trusts (IFTs), or differently phrased, Irrevocable Funeral Expense Trusts, allow persons to pay for their funeral and burial costs, also known as final expenses, in advance of their death. They are legal agreements that not only allow peace of mind knowing that funeral funds are available when needed, but they are also an invaluable Medicaid planning tool. Essentially, IFTs provide a way for Medicaid applicants to lower their countable assets and meet Medicaid’s asset limit for qualification...
03 Mar Off
How Funeral Trusts Help Persons Qualify for Medicaid
in Elder Law Attorneys Long-Term Care Planning Medicaid Planning | tagged: elder law medicaid planning irrevocable funeral trust medicaid attorney medicaid attorney wisconsin Medicaid Planning medicaid planning attorney wisconsin Medicaid Planning for the Elderly Medical Insurance Wisconsin Medicaid Planning
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