What are the qualifications to create an Irrevocable Funeral Trust?
• Guaranteed issue until 99 years of age • No underwriting required – everyone approved • No medical examination – everyone is accepted • No questionnaire to complete • You cannot be turned down for any reason (unless you are over 99 years of age) Differences between an Irrevocable and a Revocable Trust explained An ‘Irrevocable Trust’ is a ‘Trust’ that once established cannot be ‘dissolved’ until the terms of the ‘Trust’ are satisfied. In the case of an ‘Irrevocable Funeral Trust’ the person named as the creator [or grantor] of the ‘Trust’ must pass away before the terms and the assets of the ‘Trust’ can be put into motion because the wording in this ‘Trust’ states that the assets can not be paid out UNTIL the creator passes away. It is very important that you realize that an “Irrevocable Funeral Trust’ cannot be dissolved for any reason whatsoever. What these means is that NO PERSON or ENTITY, not even the person in whose name the ‘Trust’ was created, can gain access to the assets pl