Thursday, September 20, 2012

Wisconsin's Funeral Trust Fund

Earlier this week I posted on the investigation into Wisconsin's Funeral Trust, which is apparently short $21 million.  Here is a wonderful overview of the situation, posted on the Wills, Trusts & Estates Professor Blog.

Clients often ask me if pre-paying a funeral is a good idea.  I always have two words of caution: one, your desires for burial may change over time, so keeping your options open (i.e. not pre-paying is nice); and two, you are turning over control of your money to someone else.  Sadly, the second one has more of a sting to it these days in Wisconsin.

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