Making pre-arrangements for the funeral service that a person would like and want for themselves has many advantages and benefits:
    - Makes their wishes known concerning what they specifically want.
    - Relieves their family from making difficult decisions at their time of grief.
    - Insures that their personal records are organized and easy for the family to locate.
    - Controls the cost of one's own funeral expenses.
    - gives a sense of security to the individual and the family that all arrangements have been planned and in some instances, paid for.
    - Provides protection in case the need arises before it is expected.



Funerals can be arranged with or without financing.  If one chooses to pre-finance their funeral, the money received will be deposited into an insured, interest-earning account in their name, Social Security Number and the name of the Funeral Home.  This money will be insured by the Federal Deposit Insurance Corporation (FDIC). Should this individual decide to cancel this pre-funded arrangement, the total principal plus all accumulated interest will be returned to them.  These are all irrevocable trusts. No one has access to these funds but the person alone whose name appears  on the prearrangement account.

When applying for financial assistance through SSI/Medicaid, a pre-funded funeral is one way of depleting one's assets to meet their eligibility requirement. New York State law mandates that all contracts for prefunded funerals made by Medicaid recipients or applicants be irrevocable