Funeral Trusts

At Solomon, Steiner & Peck, Ltd., we provide unique legal services and tools to help clients qualify for benefits and protect their assets for future generations. One such tool we offer are pre-paid funeral trusts.

Pre-paid funeral trusts are annuities that set aside an irrevocable amount that will be used to cover the costs of the funeral. They offer several benefits, including:

  • Families do not need to worry about funeral costs: Funerals can cost upwards of $10,000, and many families feel like the funeral home pushes them into expensive products. With a pre-paid funeral trust, families know exactly how much money they have to spend. Working with a budget can ease their relationship with the funeral home and the stress of coming up with the money to pay for the funeral and other added expenses.
  • Pre-paid trusts can help with Medicaid planning and disability planning: Funeral trusts take the assets out of the trust creator's name. By setting aside money for the funeral in an irrevocable trust, persons can ease the burden on their family and help ensure eligibility for Medicaid, VA benefits and other income and asset-based benefits.

Our law firm partners with nursing homes throughout the area to prepare pre-paid funeral trusts as a benefit in funeral planning. Cleveland prepaid funeral trust attorney Michael Solomon has an insurance license that qualifies him to offer these annuities. We will work with you to ease burdens on your family and protect your assets for their benefit after your death.

Contact an Ohio Medicaid Planning Lawyer

For more information on prepaid funeral trusts and their estate and Medicaid planning benefits, contact Solomon, Steiner & Peck, Ltd., to schedule a consultation with an experienced lawyer. From four locations, including Mayfield Heights, Independence, Westlake and Mentor, we represent clients throughout northeastern Ohio.