Irrevocable Funeral Trusts are used to legally exempt money that is intended for funeral, cemetery, cremation or other allowable expenses from counting as a resource for Medicaid. This usually occurs when someone enters a nursing home or has other very expensive medical needs that will soon exhaust all their assets.

Failure to set up a funeral trust can result in losing these assets to a nursing home or medical bills and could cost your family thousands of dollars. There is no cost associated in setting one up. They can be set up through a specific funeral home or set up independently with no funeral home selected.

Since there is no look-back requirement with a funeral trust, the trust should be revocable until you apply for Medicaid assistance in most cases. Indiana residents are an exception to this since Indiana doesn't allow revocable funeral trusts and must all be irrevocable. There are alternate solutions that may be a better choice for Indiana residents. Every family has a different situation and we customize plans for your exact circumstances.

My Credentials

I have helped over 2,000 families protect their assets with revocable and irrevocable funeral trusts over the last 13-years.

The insurance companies that underwrite these very specific types of insurance policies have different terms and conditions, growth rates, payment options etc. I am a contracted agent with ALL the top companies.

I have worked closely with funeral directors and attorneys all over Indiana, Kentucky, Tennessee and Georgia with funeral trusts. I can offer a wide range of choices and options.

I can help your family and team of advisors understand the options you have available and protect your family's money.

Have Questions?

Please contact me at 812-867-8358 or (270) 823-2413 if you have any questions about protecting your family's assets with a funeral trust.

There is no cost or obligation when you consult with me.

-J Scott Burke