Do you know how your loved ones would react to:
Bereavement, death and dying, death planning, grief, burial of a loved one, a funeral, funeral homes, funeral services, funeral planning services, funeral directors, dealing with the word cremate, cemeteries, cremation, interment, memorial, mortuary science, estate planning, terminal illness, living wills, living trusts, video wills and preplanning your funeral?
Do you think your loved one will have questions like:
What kind of funeral would you want? What funeral provider would you chose? Should you bury or cremate your body, or do you want it donated to science? What are you legally required to buy when burying someone? Are their other arrangements to plan for?
How much will this funeral cost?
A funeral ranks among the most expensive purchase a consumer will ever make. A traditional funeral, will cost around
$8,000, it does include a casket and vault, although extras like flowers, obituary notices, acknowledgment cards, limousines, or police escorts can add thousands of dollars to the bottom line. Many funerals run well over $10,000. Did you know you can buy your casket outside of the funeral home from a casket company and save mega bucks? Keep in mind that over time, prices may go up and businesses may close or change ownership. However, in some areas with increased competition, prices may go down over time.
Have you thought of preplanning your own funeral
Many people are planning their own funerals and sometimes paying for them in advance just so their loved ones don't have this burden at their time of grief. Preplanning your funeral should be looked at as an extension of your will and estate planning. It's probably a good idea to update and revise your preplanning every few years.
Did you know that frequent flyer miles are transferable upon death?
What a great gift to leave someone.
If you're thinking about prepaying for your funeral services be sure to consider these questions before putting any money down.
What are you are paying for?
Are you paying for only merchandise, like a casket and vault, or are you purchasing funeral services as well?
What happens to the money you've prepaid?
States have different requirements for handling funds paid for prearranged funeral services.
What happens to the interest income on money that is prepaid and put into a trust account?
Are you protected if the firm you dealt with goes out of business?
Can you cancel the contract and get a full refund if you change your mind?
What happens if you move to a different area or die while away from home? Some prepaid funeral plans can be transferred, but often at an added cost.
Do you know where to keep your final wishes in case of a quick emergency?
Do you know what can happen if your
final planner workbook is filed in a safe deposit box at the time of
After preplanning your funeral arrangement store your records in a handy easy to get to place. Give a copy to a trusted family member or your lawyer. Don't store your only copy in your safety deposit box because your funeral wishes may have to be carried out on a weekend and there will be no access to your final wishes until Monday. Don't designate your preferences in your will, because a will often is not found or read until after the funeral.