Frequent Asked Questions
Q: Can there be additional contributions to the Irrevocable trust*** account?
Q: Can a law passed after the signing of the contract to prepay funeral services, to change its conditions?
- No. If you were the recipient of Medicaid until 1 January 1997, either revocable contract remain unchanged.
Q: Is it possible to translate a Revocable Trust Irrevocable Trust, if I am already a recipient or am applying for SSI or Medicaid?
- Yes. You only need to sign a new Irrevocable Rreneed Agreement (contract prepaid funeral services).
Q: Can we conclude Irrevocable trust, if the buyer is not yet a recipient SSI or Medicaid?
- No, you can not.
Q: Before death, who can authorize the transfer of money from one funeral home to another?
- You (the buyer) or your official (legal) representative.
Q: Which Social Service Department will get the money left over after the ritual service in accordance with the irrevocable contract?
- That department of social services, which is on the territory of residence of the deceased owner of the contract.
Q: What is not included in the list of services covered by the contract for prepayment ritual service?
- SSI and Medicaid recipients under contract to prepay funeral services can make there only common services. Prepaid tickets, funerals and donations can be made only by those who signed the contract revocable.
Q: Is it possible to use the funds accumulated in the account life (life insurance contract) to conclude Irrevocable funeral trust (contract for the ritual service, which can not be changed)?
- No you can not.
Everything you need to know about Medicaid, SSI and Irrevocable Trusts ***
- Medicaid is a joint program that combines state, federal and local (county) resources to provide medical care to those who have low income and limited savings.
- SSI is a federal program designed to help those who have reached 65 years of age or officially recognized by the blind or disabled.
Summy savings that allow you to have Medicaid in 2009:
For a family consisting of one person – $ 13,800
For a family of two people – $ 20,100
- Summy savings that allow you to have SSI in 2009:
For a family consisting of one person – $ 2,000
For a family of two people – $ 3,000
- If you have not yet filed an application for Medicaid or do not use it more of benefits, you are not supposed to have an Irrevocable Trust (a trust, the terms of which can not be changed).
- Irrevocable Trust can be transferred from one funeral home to another at any time.
- If after the ritual service have money, they must be translated into SSD (Social Services Department), where the deceased resided.
- S 1st January 1997 and SSI recipients Medicaid can to prepay funeral services only at the conclusion of Irrevocable Trust (a trust, the terms of which can not be changed).
- Reklama prepaid funeral services must contain information explaining the essence of the concept Irrevocable Trust, which is used when contracting with SSI and Medicaid poluchaatelyami.
- Joining on prepaid, you can be sure that your contract to prepay funeral services agreed 100% with the rules governing SSI and Medicaid programs.
*** Irrevocable Trust – Trust, the terms of which can not be changed