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No with a funeral trust it is day one exempt. The funeral home is paid 1st. Then any remaining money has to run through the estate. Medicaid is the 1st creditor of the estate and gets the rest of the insurance money. None of it can pass to any beneficiaries.Even with the Trust. It seems like it is subject to the 5y lookback. Best bet most likely is the assignment to the funeral home. We will see what Scott says.