A funeral costs $8,300 on average, but end-of-life expenses can easily cost your client and their family so much more.
Estate planning and elder law attorneys work hard to ensure their clients’ assets are protected for retirement, healthcare, or leaving a legacy; however, the cost of a funeral is often overlooked as something that should be planned for. Plus, the emotional toll death takes on your clients’ families makes determining how to finance the funeral at the time of need all the more difficult.
In this webinar, Damon Wenig, MBA, CFSP, explores common products and strategies your clients can use to proactively set aside funds for their funerals, including final expense insurance, funeral expense trusts, funeral bank trusts, and preneed insurance. Damon will also cover:
- Which services they can cover and how the funds are accessed after death
- When a funeral home does or does not need to be involved with funeral pre-planning
- How certain insurance products are treated in relation to Medicaid eligibility
Make sure your clients are prepared. Watch now!