Many people only plan a funeral when faced with a crisis: an imminent death, during elder nursing home care or when a Medicaid spend down is advised. Death, or planning for its eventuality, may not be something we typically want to think about though anticipating funeral arrangements is an important aspect of the estate planning process and best considered before the time of need.
There are two basic elements to preplanning: 1) indicating your wishes in writing, and 2) prefunding.
Funeral planning is a topic with many details. Please contact us to discuss your needs and important end-of-life issues, or go utilize our Vital Statistics Form.
Prefunded consumers in New York are protected by the nation’s strongest preneed laws.
These laws require 100% of preneed funds be deposited in an interest bearing, government-backed trust account (principal and interest earned remain the property of the consumer).
The purchaser remains in control of the preneed account. If the account is revocable a purchaser may request a full refund of the principal and interest earned at any time, for any reason, and without penalty.
The purchaser may select a new funeral home at any time.
New York State law mandates full disclosure to the consumer by requiring written statements be sent containing information on the custodial account, funds deposited to-date and amount of interest earned.
Under New York State law applicants or recipients of Medicaid or Supplemental Security Income (SSI) may set aside funds in an irrevocable trust account for the sole purpose of paying their funeral and burial expenses plus those of their family members.
The funds in an irrevocable funeral trust are exempt from being counted as a resource. By law the balance in an irrevocable trust account cannot be refunded though the purchaser may select a different funeral home at any time.
Kleinberg Funeral Services, Inc.
3930 Long Beach Road, Island Park, NY 11558
Phone: (516) 400-5580
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