When a death occurs, and all arrangements have been finalized with the funeral director, the next question is: “How do you plan to pay for everything today?”
The stress that one goes through when someone close to them dies can be emotionally crippling. For some, the financial burden to pay for everything can also be financially crippling. For individuals, couples, and families who have the means now, why not take care of this financial burden ahead of time?
Did you know that you can pre-pay for funeral and cemetery (if applicable) expenses, and many people choose to do so? You might be wondering, “That’s a really neat option, but why would someone choose to pre-pay?”
Peace of mind – Knowing your spouse, kids, and extended family and friends won’t have to shoulder this financial burden when you’re gone. Some funeral homes may also offer price guarantees if these expenses are paid in advance.
Protect net assets – Setting funds (for funeral and cemetery expenses) aside now via an irrevocable funeral trust ensures those monies are protected in the future. If you outlive your money and need to fall back on Medicaid, your funeral trust is safe and secure.
Family harmony – If there are assets to be distributed, depending on the family dynamics, this can cause additional angst for those trying to sort everything out. Having an irrevocable funeral trust as part of your portfolio will not only ensure your final wishes are in place but also help everything go as smoothly as possible when that time comes.
Please call your local family-owned funeral pre-planning professional to learn more about this unique opportunity, and see if this is the right option for you and your family.
