Reply to Elderly in-laws refuse to sell house that needs $200k of work, are out of money, can’t get loan

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[quote=Anonymous][quote=Anonymous]

You mention funeral costs. Once you have financial POA, you can put aside $15,000 of their assets in a funeral trust. This is allowed by Medicaid and is part of the spend down. You shouldn’t have to be worried about paying for their funeral or burial expenses out of your own pocket.
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ITA with all the otherwise-excellent advice in this post except for this part about the amount budgeted. There's no reason to spend this much on burials and funerals! Embalming, expensive caskets, expensive vaults, all that is a huge scam perpetuated on the American people for the last 150+ years by the funeral industry. It's mind-boggling how predatory the funeral industry is, and how much money is literally thrown away on preserving bodies that are of no use to their former occupants anymore. Not to mention the insane amounts of pollution resulting from the toxic chemicals used in embalming.

Much better to plan for minimalist death care and preserve as much money as possible for the surviving spouse to use during their own final years. Yes, put some of their money aside for this but it doesn't need to be nearly as high as $15,000. (And don't feel guilty if they don't put money aside about not blowing your own money for embalming, fancy coffins, etc. Nobody should shame you into wasting your own money this way.)[/quote]

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