Managing funerals for people missing at sea

Planning Your Funeral? How To Prepare For The Costs

If you're in the process of preparing your estate plan, and you want to include funeral arrangements, now's the time to plan for the costs. Funeral costs can create serious financial difficulties for your loved ones, especially if you haven't done any advance planning. Luckily, there are some steps you can take to make sure that your funeral costs are included in your estate plan. If you're not sure how to handle your own funeral costs, read the list provided below. Here are four methods you can use to pay for your own funeral. 

Start a Funeral Savings Account

If you're just starting out on your own, and you want to make sure that your funeral is paid for when you pass away, now's the time to start a funeral savings account. You might not realise this, but a dedicated savings account is an easy way to put money aside for your funeral costs. You can even set up a direct deposit, which allows you to take a set amount out of each of your paychecks. One advantage to this approach is that you can continue adding money to the account throughout your lifetime. 

Invest in a Funeral Bond

If you want to pay for your funeral in advance, consider investing in a funeral bond. Funeral bonds are investment opportunities that can increase in value over time. Depending on when you purchase your bonds, you may have enough invested to cover the entire cost of your funeral arrangements. 

Prepay for Funeral Services

If you want to pay for your funeral in advance and plan the arrangements ahead of time, now's the time to contact a funeral home near you. Working with a funeral director will allow you to plan for your funeral arrangements, while also prepaying the costs. One of the benefits of taking this approach is that you can make all of the plans for yourself, which means your last wishes will be followed. It also ensures that your funeral will be paid for in full, which alleviates the stress for your family. 

Purchase Funeral Insurance

Finally, if you're concerned that you won't have enough time to prepay for your funeral through other means, it's time to purchase funeral insurance. Like life insurance, funeral insurance will pay out on the policy once you pass away. However, once your loved ones file a claim, your funeral insurance will go directly to the funeral home to cover the cost of your funeral. 

For more information, contact a company that offers funeral planning solutions

About Me

Managing funerals for people missing at sea

My uncle disappeared one day after rock fishing. It was really hard for my aunt because there was not a body to bury, but it was pretty clear that he had been swept out to sea. It turns out that this happens a lot, especially with sailors and people who spend a lot of time on boats. The funeral home organised a beautiful memorial service so that we could have a chance to say goodbye. It was a really beautiful ceremony and very true to his spirit and personality. This blog is all about ceremonies for people who are missing and has tips from experts as well as people who've gone through the experience of losing a loved one.

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