Pre-paying takes pre-planning a step further by putting aside some, or all of the funeral expenses into a secure trust. This option has many benefits for families left behind and is a thoughtful way to show you care even after you are gone.
Some of the benefits include:
Keep up to $10,000 exempt from asset testing for the Residential Care Subsidy.
Ensure money is immediately available for the funeral costs even if there is an estate to be settled which can take some time
It allows family to gather together and support one another, remembering and celebrating the life of their loved one rather than the stress of the funeral costs
