Most people are reluctant to think about their death. Even more so, they’re reluctant to think about how to plan for it. Planning for your funeral isn’t going to make it happen any faster, but it can certainly make it easier on your loved ones when the day finally does come. In fact, planning ahead can give you a peace of mind that leads to less stress and more enjoyment in your golden years.
Consider Funeral Costs
The friends and family you leave behind will have to make all of your arrangements and pay for your services. Funerals and burials typically occur within 4 – 7 days after one’s passing. The cost of these arrangements can be thousands of dollars, and it’s important that funds are immediately available as most funeral homes expect payment on the day of the funeral.
It’s important to know that your legal next-of-kin is responsible for making, and paying for, your arrangements. Don’t leave them in a financial bind. Some of the highest costs to consumers for a traditional funeral include embalming, the casket or cremation urn, and transportation services. In addition, funeral homes charge a basic service fee that includes:
- Filing paperwork
- Securing permits
- Obtaining copies of the death certificate
- Coordinating arrangements with a cemetery or crematory
- Overhead facility and operations expenses
How To Plan For The Future
Planning for your funeral today will give you peace of mind. Shop around and look for cost-friendly deals and alternatives, and start saving for funeral costs. In addition, here are three legal and estate-related tasks you should address before you pass:
Plan ahead. Before you do anything else, decide what kind of funeral you want. Large? Small? Do you want to be buried, or cremated? Plan the details, and make sure you have the funds to have them accomplished. Final expense plans can help you with costs.
Meet with family. They might feel uncomfortable at first, but it’s a conversation that needs to happen. Decide what they need to carry on after your death. Let them know about your existing policies and explore burial insurance options together. Choose a beneficiary who is trustworthy and rational.
Mete with an attorney. A probate attorney can discuss ways to set up your assets and financial affairs, from wills to living trusts.
Take Care Of Business
Dealing with the loss of a loved one is painful. It can cause emotions to run high and stress to be abundant. You want your legacy to be something wonderful. Adding a financial burden on your loved ones will create resentment that casts a shadow over the good times.
Even if you plan to live a long and happy life, now is the time to take care of business. Remove the stress from your family, and remove the stress from yourself. Take the steps to prepare financially for your passing. Contact us for more information to find out how we can help make the process easier so you can get back to living life to the fullest.