It’s your money and you should be able to do with it as you like, after all you’ve worked hard to get to where you are now. Most lawyers would advise that pre paying for your funeral makes good financial sense, especially for anyone thinking of moving into a retirement or rest home.
This is simply because you can put up to $10k aside for a pre pay funeral and not be asset tested on any of it! Now that’s clever thinking, your money works even harder for you and your loved ones in the future.
The money you pay for your pre-paid funeral plan is held independently, invested incurring interest that goes to your estate and is safeguarded until it is required.