Burial Trust
A burial trust is a type of irrevocable trust created to pay for the grantor's funeral services after death.
Advantages:
- Lower Net Worth - allows grantor to transfer assets into trust and lower net worth to qualify for government assistance.
- Peace of Mind - ensures sufficient funds set aside to pay for funeral expenses.
Non-deposit investment products are not insured by FDIC, not a deposit or other obligation of, or guaranteed by Boone Bank & Trust Co., and may be subject to investment risk, including possible loss of the principal amount invested.
