	How to Prepare for the Death of a Loved One
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The Benefits of Pre-Paying Funeral Expenses

WHAT ARE THE BENEFITS OF PRE-PAYING MY FUNERAL/CREMATION?

Lock in the price of the Funeral without having to worry about the cost increasing in the future.
Protect your family from emotionally overspending.
Protect your assets.
Receive guarantees from the Funeral Home to provide the Services you selected and the Merchandise you selected regardless of the amount in trust at the time of death.
You receive what you want, not what someone else thinks you would like.

WHAT HAPPENS TO THE MONEY?
The funds are placed in an irrevocable trust with "your" name and social security number. The funds cannot be accessed or removed by anyone; funeral home, family members, government agency, nursing home or any well meaning third party.

The Irrevocable Trust that is developed is exempted from SSI and Medicaid qualification. The funds are there to be used for your funeral to pay for the items you selected.

AM I RESPONSIBLE TO PAY TAXES ON THE EARNINGS?
No. The funds are placed into either a trust (which pays the taxes from the earnings) or an insurance policy.

WHAT HAPPENS TO THE INTEREST EARNED ON MY MONEY?
The earnings are kept in the trust to help keep up with any inflationary increases, which allows Connell to offer guarantees on pre-planned funerals.

This is for informational purposes only and not to be construed as legal advice. You should consult an attorney for expert legal advice.

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