When it comes to planning your funeral, you usually don't have a say in it. And while this may sound a bit morbid, you may want to consider pre-planning your funeral. Especially if you have some certain ideas or wishes that you want incorporated in your final good-bye. And pre-planning your funeral also means being able to pay for it as well, which can relieve your family of a tremendous financial burden. Here is an overview of the benefits of pre-planning, and how to pre-pay for your funeral.
Benefits of Pre-Planning Your Funeral
When you consider the possibility of pre-planning your funeral, you should choose a couple of different funeral homes to meet with. Sit down and talk with the directors and discuss your wishes. You can select the funeral home that you feel most comfortable with, allowing your wishes and choices to be executed at the time of your death. You can also decide if you wish to have a wake, or if you would rather the family participate in the viewing in private. You may also want to purchase a burial plot as well. Making all of these decisions now gives your family peace of mind later on.
There are a few advantages of making your arrangements in advance. The biggest benefit is financial, but there are many emotional benefits for your family. Some funeral homes will allow you to fully pre-pay for the funeral, meaning you are locked in at today's prices, even if you can't afford to pay it all at once. Some funeral homes that will allow you to fully pre-pay also offer a payment plan. If you can't fully pre-pay now, there are other options, as outlined below.
Ways to Pre-Pay For Your Funeral
There are a few different ways you can pre-pay for a funeral, and they include:
- A trust set up and regulated by a licensed funeral home.
- Purchase a life-insurance policy that is equal to the cost of the funeral. Make sure your family is aware of this policy.
- Open a Certificate of Deposit or a savings account that is specifically for your funeral. Be certain to designate the account as "payable on death" to the funeral home you choose.
Pre-paying for your funeral will make the process of implementing your services that much easier on your family members, as long as a few of them are aware of how you have set up the pre-payment plan, where any accounts are located, and who the designated beneficiary or representative is that has access to these funds. For more information, talk to local funeral homes, like Inglesby Funeral Home, Inc.