Wisconsin's Choice to Navigate Expenses & Trusts Medicaid Spend-Down Prepaid Funeral Plans
- Zero Service Fees: Completely cost-free assistance, no complex underwriting
- Rapid Fund Distribution: Wire funds to the chosen funeral home within 48 hours
- Estate Protection: Any unused funds return to your estate
- Life Insurance Policy Transformation: Convert existing policies into strategic assets
Refinance Your Cash Value Life Insurance
You've worked hard for your money... You deserve to keep it.
Paying into a Non-Term Life Insurance policy for years? Great—until the premiums rise and you realize the cash value may be at risk. It shouldn't be that way. Your assets—whether a Non-Term Life policy, matured Savings Bonds or Certificates of Deposit—should be protected from creditors, nursing homes and Medicaid. Refi Trust lets you refinance assets free of fees to keep them safe and tax-free. Contact our Wisconsin office to schedule an in-person or virtual consultation.
Funeral Trust: A dedicated fund specifically for funeral and burial expenses
Irrevocable Funeral Trust: An account designed to preserve your assets from Medicaid spend-down requirements.
Funeral Savings Account: A strategic approach to prepaying and protecting funeral costs
Final Expense Insurance: Preventing your loved ones from being burdened with unexpected funeral expenses.
Funeral & Burial Trusts Explained Understanding Your Options
Refi Trust in Wisconsin offers a comprehensive solution for those between 50 and 70 years old who are concerned about funeral expenses, life insurance and protecting their hard-earned assets. Our Burial Trust Insurance Policy is a powerful financial vehicle designed to address multiple concerns:
Why Choose a Burial Trust?
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Transferable funds:
The funds are not tied to a specific funeral home, allowing you to choose the provider that best meets your needs.
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Protection from Medicaid spend-down:
Safeguard your assets from Medicaid spend-down requirements, keeping them protected.
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Flexibility in funeral planning:
Customize your funeral and burial arrangements to reflect your personal preferences and needs.
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Repurposing "wasted" life insurance premiums:
Convert existing life insurance policies into a strategic asset, providing more value and security for your future.
Medicaid Spend-Down Protection
| Refi Trust: | Bank Backed Trusts |
| Up to 15k / 100k* | Up to $4,250 |
*Our policy provides immediate protection of up to $15,000. If the burial trust is established over 5 years, it can protect up to $100,000 per person.
What’s the Difference Between Bank-Backed vs. Insurance-Backed Policies?
A bank-backed policy is typically a standard savings or investment product held at a financial institution, offering limited protection and flexibility with potential fees and lower interest rates. An insurance-backed policy, like our burial trust, is specifically designed to provide targeted protection, tax advantages and specialized benefits such as Medicaid spend-down protection, immediate fund access and customized end-of-life financial planning that traditional bank products cannot match.
Wisconsin Medicaid Protection: Safeguarding Your Assets
Our burial trust insurance policy is designed to poffer substantial protection against Medicaid spend-down, ensuring that your hard-earned assets are preserved for you and your loved ones. Here's how it works:
- Immediate protection of up to $15,000: Our policy provides immediate protection of up to $15,000, shielding this amount from Medicaid spend-down. A portion of your assets is protected from being used to cover long-term care costs.
- Potential protection of up to $100,000: If the burial trust is established over 5 years, it can protect up to $100,000 per person. This extended protection helps secure a significant portion of your assets, preventing them from being depleted by Medicaid requirements.
How It Works
The process is simple and designed to provide you with a secure and personalized solution for your funeral and asset protection needs:
- Initial consultation:
We start with a detailed consultation to review your current financial situation, addressing your specific goals and concerns.
- Personalized analysis:
We analyze your life insurance and funeral planning needs, creating a strategy that best suits your circumstances.
- Seamless transfer:
We facilitate a smooth transfer of your assets into a protected burial trust, securing your funds for future use.
- Comprehensive financial peace of mind:
With the burial trust in place, you gain confidence that your assets are protected, funeral expenses are planned for and your financial legacy remains secure for you and your loved ones.
Who Is a Good Candidate?
We help families protect elderly parents' assets and ease the financial burden of end-of-life planning. Our services handle funeral arrangements with dignity and respect, allowing families to focus on what matters most during a difficult time. By working with us, you gain peace of mind, knowing your loved ones' financial security and final wishes are taken care of. Our service is ideal if you:
- Own a life insurance policy (many non-term AKA permanent life insurance policies have cash-out values)
- Have concerns about Medicaid spend-down
- Are between 50-70 years old
- Want to protect your financial legacy
- Seek a flexible funeral planning solution
Comprehensive Protection Across Wisconsin & the United States
We serve clients nationwide, with coverage in all states except New York. To accommodate your needs, we offer flexible consultation options, including comprehensive phone consultations, secure Zoom meetings, convenient mail-in services and personalized in-person visits.
Ready to Secure Your Financial Future? Contact Refi Trust in Wisconsin today for a personalized, no-obligation consultation. Our office is within easy driving distance of Milwaukee, Racine, Kenosha, Waukesha, Ozaukee and Washington County.
Frequently Asked Questions Funeral Planning & Insurance
How Can I Pay for Funeral Expenses Using My Life Insurance Policy Cash Value?
Refi Trust allows you to convert your life insurance into a burial trust, protecting funds from Medicaid spend-down and ensuring direct payment to the funeral home within 48 hours. This flexible option covers funeral costs, with no service fees or complex paperwork and any unused funds returned to your estate.
How do funeral trusts work?
Our burial trust allows you to prepay funeral expenses with greater flexibility than traditional plans. It isn't tied to a specific funeral home, provides immediate access to funds and protects your assets from Medicaid spend-down.
Who Pays for Expenses After a Funeral?
A funeral trust can pay for your funeral and burial costs. If someone passes away without any planning or assets, those costs may fall on family members. Our trust ensures your designated beneficiaries receive any remaining funds, providing additional financial support.
Are Funeral Expenses Tax Deductible?
While we recommend consulting a tax professional, our trust provides a financially strategic approach to funeral planning. Life insurance and funeral trusts are not tax deductible however cash value and death benefits are not taxable income at death.
How do I transfer ownership of my life insurance policy to a funeral home?
Refi Trust offers a flexible alternative to traditional methods of transferring a life insurance policy to a funeral home. Our Burial Trust Insurance Policy lets you repurpose your life insurance without directly transferring ownership to a specific funeral home.