Your end-of-life experience can be very different depending on where you live, according to a Policygenius report that ranks the country’s best and worst places to die.
The report gave each state and District of Columbia a numerical score based on seven factors, including funeral costs and services, green burials, palliative care, Medicare providers, deaths at home, and shortcuts to probate.
“I think the big takeaway from this project is getting people to think about the cost of ending life,” said Logan Sachon, senior director of research at Policygenius. “Because some of them can be mitigated through planning.”
“If you look at the top 10 and bottom 10, there are no specific things they all have in common,” Sachon said. “They are each unique in their own way.”
In fact, Vermont, ranked No. 1 place to die, was among the most expensive for funeral costs, but scored highest for palliative care, which focuses on pain relief, treatment and emotional support.
Florida, known for its high population of retirees, came in last with the fewest Medicare providers per capita. per capita and scored low for home deaths and palliative care.
The best places in the United States to die
- South Dakota
- Colorado (slips)
- Illinois (Draw)
- New Hampshire
The worst places in the US to die
- New York
- New Jersey
- North Carolina
- South Carolina
It’s never too early for older Americans to prepare for the end of life, Sachon said.
While the Covid-19 pandemic has raised awareness of the need to be proactive, 67% of Americans still do not have a property plan, according to senior housing referral service Caring.com.
Experts recommend an advanced directive, also known as a living will, that covers your medical preferences. You will also need a power of attorney for the health care system or a power of attorney that names someone to make medical decisions on your behalf if necessary.
The report also focuses on each state’s change process, which determines the cost and time it takes to liquidate your property.
As of June 2021, only 17 states and the District of Columbia have a property or inheritance tax according to the Center for Budget and Political Priorities.
With different laws in each state, a local real estate attorney can share some options to protect your assets and carry out your desires, depending on where you live.
There is no federal property tax on wealth below $ 12.06 million for individuals by 2022, and with proper planning, married couples can transfer their unused exemption to their surviving spouse, effectively doubling to $ 24.12 million.
However, this returns to an estimated $ 6 million exemption in 2026 when the provisions of the Tax Cuts and Jobs Act expire.