Estate Planning Funeral Trust
You may not have thought of it before, but end-of-life events take the same kind of planning. The NGL Estate Planning Trust is a valuable tool for you to help with final expenses. First and foremost, funds in the NGL Estate Planning Trust will go toward paying your funeral expenses. Any excess funds will be sent to the designated beneficiary of your choice. The advantage is the comfort in knowing that the beneficiary you designate—a relative, favorite charity, etc.—will receive those funds quickly and without delays in probate.
List of possible goods and services qualifying for reimbursement
Basic Services of Funeral Director and Staff
Other Professional Services
Embalming
Other Care of Deceased Dressing/Cosmetology/Casketing
Funeral Home Facilities and/or Staff Services Viewing/Visitation Memorial ServiceFuneral Service Graveside Service
Other Merchandise
Clergy Honorarium Stationery Package Death Certificates
Obituary Notices Musicians Flowers
Temporary Marker Clothing
Open/Close the Grave Other
Casket
Alternative Container
Outer Burial Container
Other Services
Transportation Equipment and Driver
Transfer of Deceased Car/Limousine
Funeral Vehicle/Hearse Utility/Service Vehicle
Cemetery Charges
| NGL’s Estate Planning Trust | Annuity | Savings | CD | Money | Mutual |
| Benefit paid directly to the funeral home first? | YES | NO | NO | NO** | NO | NO |
| Funds protected from creditors? | YES | NO | NO | NO** | NO | NO |
| Five-year look back for Medicaid and SSI qualification? | YES* | NO | NO | NO** | NO | NO |
*State regulations apply. Please consult your Legal Advisor.
**Unless put into a trust for funeral expenses.
The Protection of Transfer
- Policy proceeds are paid to the trust; the trust then pays for funeral costs. Any remaining funds are paid directly to the beneficiary of your choice.
- Funds used for funeral expenses are protected from creditors.
- Funds used for funeral expenses avoid probate costs and delays.
- Death benefit continues to grow income tax-free. By purchasing a life insurance policy from NGL and irrevocably assigning it to the NGL Estate Planning Trust, you and your heirs will receive the following benefits:
