As a simple Medicaid spend-down tool, this product can be used in any long-term care plan. In crisis planning, it pairs well with a Medicaid Compliant Annuity, since each product allows your client to protect their assets. The face value limit for Funeral Expense Trusts used in Medicaid planning varies by state with most states placing the limit at $15,000.

Your clients can use an Irrevocable Funeral Expense Trust to plan for end-of-life expenses in a flexible manner, allowing them to control their choice of funeral home as well as the goods and services they receive.

Some states require a Letter of Goods and Services to accompany the trust. This letter outlines the specific costs of the funeral expenses, including the casket, burial plot, funeral service, and other parts. We can help obtain this letter on behalf of your client, if necessary.

In addition to preserving your client’s assets for end-of-life expenses, this product is a simple addition to your portfolio and a great way to increase your earnings. It’s an easy add-on tool when you’re helping your client spend down their countable assets for Medicaid eligibility.