A burial trust is an agreement regarding costs and arrangements for future funeral services. Made directly with a funeral home, this contract can save your loved ones the stress of planning burial services down the line. Many funeral homes will even “lock in” prices for a future funeral, sparing the people you care about from the burden of escalating costs. Some funeral homes will also take on the roll of managing the trust assets, which can generally be funded in the form of cash, bonds, or life insurance.

The Value Of Burial Trusts

Sometimes referred to as a funeral trust, a burial trust is a smart way to ensure your end-of-life services are executed according to your wishes. Funeral service providers like Adzima Funeral Home in Stratford, CT, can combine a burial trust with other pre-planning services. Funeral arrangements are a personal preference, so by thinking ahead, you can make both practical and detail-oriented decisions that reflect your lifestyle, beliefs, and individual tastes.

When discussing a potential burial trust with a funeral home, find out whether they offer revocable or irrevocable trusts. A revocable funeral trust can be revoked by you at any time, while an irrevocable trust can’t be changed—and the money invested can only be taken out to pay for the funeral services. Irrevocable trusts do have advantages, however. For instance, they can help you qualify for long-term care benefits via Medicaid and can also be funded with life insurance, in which case, the trust will have no taxable income to report.

If you want to discuss creating a burial trust, the professionals at Adzima Funeral Home will be happy to advise you. Family-owned and -operated for over 100 years, this funeral home has built a reputation for honesty and integrity in the local community. Visit their website or call (203) 375-2200 to find out more about planning your funeral services today.