brand

CALL FOR AN ATTORNEY

 

Attorneys For Today, Counselors For Life

Metz, Bailey & McLoughlin, LLP provides
customized estate planning and
business law services to clients
throughout Ohio

 

Attorneys For Today, Counselors For Life

brand

CALL FOR AN ATTORNEY

    614-423-4619

Attorneys For Today, Counselors For Life

Attorneys For Today, Counselors For Life

Metz, Bailey & McLoughlin, LLP provides
customized estate planning and
business law services to clients
throughout Ohio

  1. Home
  2.  » 
  3. estate planning
  4.  » What does a funeral trust cover?

What does a funeral trust cover?

On Behalf of | Nov 22, 2022 | estate planning | 0 comments

If you do not want to burden your close friends and relatives, you are probably thinking about including funeral arrangements in your estate plan. Fortunately, from how the service unfolds to where your remains end up, you can take care of virtually all end-of-life matters.

When you are picking out a cremation service or burial plot, someone from the funeral home may ask you whether you want to participate in a funeral trust. These trusts, which funeral homes typically set up, pay for covered funeral expenses.

Funeral expenses

As you probably know, funerals and other end-of-life matters can be expensive. In fact, according to the Zebra, you can plan to spend nearly $7,000 for a funeral with cremation or almost $8,00 for one that includes an in-the-ground burial at a cemetery.

Covered costs

Each funeral trust is different, so you want to be sure you understand exactly what yours covers. Generally, though, these trusts pay for funerals and most other end-of-life expenses, often including the following:

  • The venue and officiant
  • The casket or urn and burial vault
  • The food, refreshments and flowers
  • The burial plot
  • Your clothing
  • Other similar expenses

Estate planning considerations

Before you agree to participate in a funeral trust, you should verify that the funeral home is a reputable one. You also should consider the implications of joining the trust. Indeed, there may be some tax or public benefits consequences for you or your estate.

Ultimately, because it can be difficult to know exactly how a funeral trust might affect your overall estate plan, it is important to have competent counsel when making your arrangements.

FindLaw Network
Preminent

meet our staff

Bruce E. Bailey

Bruce E. Baileypartner