Pre-Plan Your Funeral To Ease The Financial Burden On Your Family

Posted by on 3:57 pm in Uncategorized | Comments Off on Pre-Plan Your Funeral To Ease The Financial Burden On Your Family

Your family will be grieving your loss when that time comes. You can relieve some of the stress from them by pre-planning and paying for your funeral. Family members will work with the funeral home staff to execute your funeral wishes, and the costs will already be taken care of. Here are the major costs you need to plan for and how pre-paying works for your funeral plan. Cremation or Burial? This is a good starting point for your planning because it influences many other choices you’ll make later. Making this decision and documenting it in your plan also removes that decision from your family, who may not know what your wishes are. Once you’ve made that decision, there are a number of other choices that affect your funeral plan’s costs: Casket or urn – If you’ll be buried, select the type of casket you wish. If you’ll be cremated, you can still be buried in a casket, or you can choose from a variety of urns for your remains. Standard plot or columbarium – A casket burial must be done in a cemetery using their standard-sized plot. An urn can be buried in a columbarium in smaller plots in the ground or in a visitation facility niche above ground. Cemetery Selection Choose the cemetery in which you wish to be laid to rest. This is another decision you can free up from your family. You can select the desired plot for your casket or niche for your urn. The funeral home will help you arrange to pre-pay the cemetery for the space and services, too. Options for Your Funeral Service Now you can outline how you wish your funeral service to be held. Some of the options to decide upon and include in your plan are: Where the service is to be held, such as the funeral home or in a church. Whether or not there is to be a visitation service with a viewing. What clothing should be put on you for the viewing. What kinds of floral arrangements should be present and if your family or the funeral home should organize them. What other items should be present at the service. Whether or not there will be a graveside service. Paying for It All Once the plan is put together, talk with the funeral director about pre-payment. This takes a big burden off of your family if they don’t have to worry about how to pay for your funeral. There are two ways you can do a pre-payment of your funeral plans: Purchase a burial insurance policy – You’ll buy a policy and make the funeral home the beneficiary. When you pass away, the funeral director will cash in your policy and use the proceeds to cover all of the costs. Put money into a trust fund – You can put money in an interest-bearing trust that goes to the funeral home upon your death. The funeral home can help you with either option. The Next Step is to Communicate Let your family know what you have done and where the documents can be found about your funeral plans. Let them know you’ve paid for everything, too, so they don’t mistakenly pay for something that’s already been handled. For more help, contact a service such as Serenity...

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Planning Your Pre-Need: Getting Started With Your Pre-Need

Posted by on 9:20 am in Uncategorized | Comments Off on Planning Your Pre-Need: Getting Started With Your Pre-Need

It’s impossible to avoid: death is a part of everyone’s life. It may not be a pleasant subject of discussion, but it is important so your loved ones understand and have the financial means to fulfill your final wishes. From traditional funeral services and burials to cremation or an eco-friendly cemetery, the various options can be expensive and overwhelming to your loved ones. Thankfully, having a pre-need in place will protect your loved ones from confusion, stress, and financial despair. Using this guide, you can get started planning your pre-need.  Choose your Funeral When planning your pre-need, your first task is to choose your preferred type of burial. While surprising to hear, many options for memorials, burials, and cremations are available. However, choosing your preferred method is essential for determining the total cost of your final wishes. Traditional funeral and burials are the most common option since they allow you and your loved ones pick and choose options such as caskets, in-ground burial or vault internment, and even transportation. Depending on the options you select, a traditional funeral and burial can cost between $5000 and $15,000. If you prefer a less expensive option, consider a simple memorial service and cremation. If your religious beliefs prevent you from cremation, green burials are also affordable options. Green burials focus on a few factors such as the use of non-toxic body preservation, green-certified cemeteries, and burial in a eco-friendly materials. While the number of natural burial grounds across the world is growing, you must research local, eco-friendly certified cemeteries to include in your pre-need. Paying for Final Expenses Once you understand how you want to lay your body to rest, you can determine the cost of these wishes. When planning your pre-need, be sure to include important documents and contact information to ensure your loved ones have the financial means to carry out your final wishes. To prepay for your pre-need, consider the following options: Life Insurance – Be sure your life insurance policy is current and includes a sufficient amount of money to cover your final wishes and other expenses. Also, your policy should include the name and contact information of your beneficiary. Funeral Insurance – In many cases, your life insurance will not cover the cost of your final expenses. Fortunately, funeral insurance will cover the costs if higher than your life insurance. This ensures your loved ones are not responsible for the excess charges. Preparing for the end of your life may not seem appealing to you and your family. However, having a pre-need in place is imperative for the loved ones you leave behind. Using these tips, you can easily prepare your...

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