pre-paid funeral arrangemants
They say there is a look back period of 5 years, not to give away large amounts of money if you will be going into an assisted living arrangment or nursing home. What about if your parents purchased a grave plot...but made no funeral arrangements? Can a POA make prepaid funeral arrangments and not have this considered in the look back period? I ask because none my siblings can afford a funeral...but my parents ath this point, can. I see not having these arrangements made ahead of time an unneccessary burden to deal with if you can do it ahead of time. Is it legal to do so? My mom has Alzheimers and dad has dementia, and I have been hiring caretakers to look after them in their home. I have had all responsibility put upon me...and I don't think I could handle the stress of making funeral arrangements when "the time" comes. Is it ok to make prepaid arrangements? My uncle says no. I don't see why not! It is something that is going to have to be done anyway. Any iseas?