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.
Thursday, September 20, 2012
Wisconsin's Funeral Trust Fund
Melinda Gustafson Gervasi is a Madison attorney and author whose current practice focuses on estate planning and probate. She is committed to increasing the public’s understanding of estate planning and probate issues. In 2013 she released her first book, Middle Class Philanthropist where she illustrates how anyone can leave a legacy. Gustafson Gervasi Law Office, LLC, 5555 Odana Rd., Suite 205, Madison, WI 53719
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