Your end-of-life experience can vary greatly depending on where you live, according to Fr. Policygenius report which ranks the best and worst places to die in the country.
The report for each state and the District of Columbia provides a numerical score based on seven factors, including funeral and service costs, green funerals, palliative care, health care providers, death at home, and testamentary labels.
“I think the main outcome of this project is to get people to think about end-of-life costs,” said Logan Sachon, senior editor-in-chief of Policygenius research. “Because some of them can be mitigated by planning.”
“If you look at the top 10 and the last 10, there aren’t any common things they have in common,” Sachon said. “Each species is unique in its own way.”
Indeed, Vermont, which ranks № 1 for death, was one of the most expensive for funeral expenses, but received the highest score for palliative care, which focused on pain relief, management, and emotional support.
Florida, known for its large number of retirees, ranked last with the fewest Medicare providers per capita and scored low on home deaths and palliative care.
The best places to die in the US
- South Dakota
- Colorado (tie)
- Illinois (tie)
- New Hampshire
The worst places in the US for death
- New York
- New Jersey
- North Carolina
- South Carolina
Older Americans are never too early to prepare for the rest of their lives, Sachon said.
While The Covid-19 pandemic has raised awareness about the need to be active, 67% of Americans still do not have a real estate planaccording to the Caring.com Senior Referrals Service.
Experts recommend an extended directive, also known as a will, that covers your healthcare benefits. You will also need a proxy or a power of attorney to name a person who will make medical decisions on your behalf if necessary.
The report also focuses on each state’s testamentary process, which determines the value and time required to settle your property.
As of June 2021, only 17 states and the District of Columbia have property or inheritance taxes. Center for Budget and Policy Priorities.
With different laws in each state, a local real estate planning attorney can share some options for protecting your assets and fulfilling your wishes, depending on where you live.
None federal property tax on a fortune of less than $ 12.06 million for individuals in 2022, and with proper planning, married couples can pass on their unused release to their spouses, effectively doubling it to $ 24.12 million.
However, in 2026, it is estimated to be a $ 6 million exemption if the provisions of the Tax and Job Reduction Act disappear.