There are few absolutes in life, but one is that eventually, it will come to an end. And while nobody wants to be left thinking about this fact, the reality is that dying is expensive – the average cost of a funeral with cremation is between $6,000 and $7,000. For many families left behind, just trying to come up with the costs of the funeral is something that will be a struggle.
But you do have options. When a loved one passes away, there are some things that you can consider which may help you reduce overall costs and bring the price into your budget more effectively. Here are some of the things you can do if you’re left facing this situation.
Review Lower Cost Options
Cremation is almost always cheaper than burying within a casket or vault. And in some states you may be able to avoid caskets or vaults altogether and do what is known as a ‘green burial’. No matter what, take a look at all of the options available.
Look at the Life Insurance
Sometimes, funeral costs may actually be covered in a life insurance policy. You may not even be aware of the policy, so it’s worth taking a closer look at documents and the terms in those documents to see what you may uncover.
Get a Loan
Nobody wants to end up having to take out a loan for burial, but if you can get a low-interest rate from a bank loan, it may be worth it. Avoid using credit cards because their interest rates can cost you thousands.
Ask For Help
Sometimes, a child or sibling just can’t handle the costs on their own. Consider asking family members to pitch in and contribute to the overall costs. Don’t’ expect someone to pick up the entire cost, but getting help should be possible with most families.
Talk To A Coroner’s Office
In most counties, you will be able to sign a release form at the county coroner’s office. This form states that you just can’t afford to bury the family member, and if so the state will usually bury or cremate the body. They may provide you with the option to claim the ashes for a small fee, but if not they will bury them in a common grave.
The Bottom Line
All in all, it’s important to make sure that a loved one’s remains are taken care of after a death. But the average person may not have planned properly and loved ones could be left with a huge financial burden.
That burden can make it harder to focus on things like mourning and moving on after such a profound loss. As such, it’s important that you do what you can to alleviate that burden. The options above can all have a big impact on doing just that. We may be able to help prepare for the inevitable as well. Contact our team today to learn more about what we can do to help you.