What to do with assets and funeral planning
Question about assets, life insurance, and funeral planning if no family. How should a person with no family or trusted friends make plans to insure that liquid assets and life insurance are used to cover funeral expenses? Not having family makes it difficult to set up a life insurance policy or write a will/trust because a beneficiary must be named.
Terry Says
This is a growing problem for seniors who do not have family or friends that can take over when they are incapacitated, or after death. You might get some ideas from this column: https://www.terrysavage.com/alone-and-trusting/
There are trusted and bonded fiduciaries who can handle many, if not all, of these issues.
