Pre-planning, Pre-paying & Trusts
Pre-Planning Your Funeral
Pre-planning, for yourself or another, can put your mind at ease. Whether for the future, or a more immediate need, it can allow you to be present to other important matters. If pre-planning for your own cremation we recommend signing your own cremation authorization, to create less stress for your survivors. You can pre-plan funeral arrangements by meeting with one of our staff members (in our office or via phone) to ask any questions you might have, and to complete the necessary paperwork. Just call us at (425) 316-8290(425) 316-8290 to request a meeting with one of our staff, or use our Request an Appointment button.
Pre-Paying Your Funeral
You can also choose to pre-pay for services, settling all financial matters beforehand.
If you would like to pre-pay, we can explain clearly what you can do—and help you do it.
At A Sacred Moment, we do not keep your money. Instead, your pre-payment is held in a trust account. We like trusts because they’re safe, flexible, and easy to set up. Your guaranteed trust will hold the specific amount needed for your chosen funeral costs.
Benefits of Trusts
- May be made irrevocable and therefore exempt for Medicaid purposes
- Oversight of funeral trusts by Washington State Funeral & Cemetery Board
- Full price paid when setting up trust is guaranteed, no additional costs
- Earns interest over time to compensate for inflation
- You can make payments to trust over time
When you meet with us, we can help you establish a trust account through American Funeral and Cemetery Trust Services. This company is a third-party administrator that has been managing trusts here in the northwest for 20 years. We like using them.
At our meeting, you can also decide if your trust will be revocable or irrevocable.
An irrevocable trust can't be cashed out. Medicaid allows people to set aside certain amounts of money in irrevocable trusts for funeral expenses (pre-payment makes a lot of sense when you need to spend down assets to qualify for Medicaid). Money in an irrevocable trust won't be taken away if you go into long-term care paid for by Medicaid.
Revocable trusts, on the other hand, may be cashed out if you need the money before death. They are subject, though, to seizure by Medicaid if Medicaid is paying for your care and other assets have been depleted.
If you have more questions about pre-payments and want to schedule a time to come in, please give our office a call at (425) 316-8290(425) 316-8290.