Effective October 1, 2012, the amount that can be spent on funeral expenses, without a court order allowing more, will be $10,000. The allowable amount prior to this date was $5,000. Funeral expenses are defined as costs of funeral, burial, cremation, a disposition of the decedent’s remains, a memorial, a memorial service, food and beverages related to bringing together the decedent’s family and friends for a wake or prefuneral or postfuneral gathering meal or any other reasonable expenditures authorized by the decendent’s will.
For additional information on this new legislation or for additional information regarding estate planning, probate or elder law contact Kevin Bress firstname.lastname@example.org, Helen Smith email@example.com, or Kimberly Battaglia at firstname.lastname@example.org. Or go to www.pklaw.com/practice-areas/estate-planning/.