Helpful Tips On Pre-Planning Your Funeral Arrangements
Health insurance, car insurance, homeowner’s insurance, taxes, IRAs, 401ks. The amount of things we have to save for and spend our money on seems exorbitant. However, there is one more expense you should consider, one that will help your loved ones when you can no longer. Preplanned funeral arrangements is a new option that allows you to set aside money and make your wishes known for that dismal day when you have to part ways with those you love. Don’t leave your spouse and children with over $5,000 in expenses and confused as to “what you would have wanted.” Make your wishes clear to ensure that they’re only mourning you - and not their finances.
The casket can be the most expensive part of the traditional family funeral. Loved ones feel especially torn when selecting an appropriate burial container. They wonder if you would have wanted pine or mahogany, they wonder if people will think they are cheap. The truth is, after the funeral, no one will ever see your casket again! Therefore, you may want to look into renting a casket and selecting a less expensive burial container. If your family is low-key and doesn’t care much for appearances, then a simple casket made of plastic or pine will be just fine. You can also choose from fiberglass, wood, plastic or metal, and you can even find them online! If you do purchase your casket online, then be aware that federal regulations state that funeral homes cannot charge you extra for supplying your own casket.
Instead, you may choose the direct cremation option (which runs from $300 - $600). If direct cremation sounds appropriate to you, then you’ll only pay for the funeral director’s consultation, a non-metal body container, hearse fees for crematorium transport, and an urn or container for the ashes. Some Christians desire burial of the ashes, in which case you’ll need to buy a grave site, marker and hardier container. Even so, this option is generally cheaper, though it doesn’t allow people that elaborate face-to-face mourning.
If you were a war veteran, be aware that the US Department of Veteran Affairs provides burial allowances or even free burial at one of 125 Veteran Cemeteries. Your family is eligible to receive a Government headstone or marker, flag, a Presidential memorial certificate and possibly a burial allowance for free. The burial allowance is paid to you if you paid for the funeral of a veteran, who was not dishonorably discharged, and one of the following occurred: the veteran died in action, the veteran was receiving VA pension or compensation at the time, or the veteran died in a VA hospital. In the case of a service-related death, the VA pays up to $2,000 in expenses. In a non-service death, the VA will pay $300 for the funeral arrangements and $300 for burial arrangements.
When you are looking to prepay for your funeral arrangements, the AARP advises you to be extremely cautious about signing. Be sure that the company you’re dealing with isn’t fraudulent by checking through the Better Business Bureau, looking at testimonials or online information and find out where your money will be kept, and at what terms. Instead of prepaying, you can set up a separate account with your bank that reserves money to be paid to a beneficiary upon your death.
By Relationships Editor
