An irrevocable funeral trust is a type of trust that is set up to provide funds to cover the cost of funeral expenses. It is called “irrevocable” because once the trust is established, the grantor cannot change the terms or access the funds without the consent of the trustee. The purpose of an irrevocable funeral trust is: to protect the funds set aside for funeral expenses from being used for other purposes, such as paying off debts or taxes. This ensures that the funds will be available to pay for funeral expenses when they are needed. Typically, an individual will establish an irrevocable funeral trust by transferring assets into the trust. The trustee then manages the assets and invests them to grow the funds. When the individual passes away, the funds in the trust are used to pay for funeral expenses. In addition to protecting funds from being used for other purposes, an irrevocable funeral trust can also help an individual qualify for Medicaid benefits. Medicaid has strict asset and income requirements, and setting up an irrevocable funeral trust can help an individual meet those requirements while still ensuring that funds are available for funeral expenses.