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Reply to "How to pay for funeral arrangements. "
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[quote=Anonymous]You could put the funds in a high yield savings account or a brokerage account (like Schwab, Fidelity, etc) where there isn’t a checking account attached or ATM withdrawal. She should set it up to “Transfer on Death” (TOD) to the person that will be the executor of her estate. This setup will give the executor immediate access to funds to cover funeral expenses without waiting on probate. She could set up ALL her accounts this way to avoid probate completely. This is how my MIL set up her accounts and it simplified settling her estate immensely.[/quote]
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