There are many families today that face the difficult decision of what to do next after a loved one has died. Many just don’t want to face the inevitable and some families do think about planning ahead for their loved ones death so when it finally comes, they are unsure what to do first.
One of the greatest gifts you can give your family is properly preparing them for what is inevitable. Perhaps you have already created a will or a trust, the start of your estate planning. But the reality is that many Americans have no form of estate plan. If you want to pre-plan your future financial wishes, making a will or trust is the right step in that direction. Your family’s immediate concern, however, is not included in this planning.
Within 48 hours of your death, the persons responsible for take care of your final arrangements are usually forced to make extremely important decisions and final purchase in a very short time. Since you are no longer there, you cannot anymore help to alleviate the emotional and financial stresses that your loved ones are going through, but if you plan your funeral wishes, then this will help them a lot.
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Estate planning should not only stop at creating a will but also taking care of your funeral expenses before hand. The best way to help your family is to pre-plan your funeral so your family knows what you want as a method of disposition and what type of services you want so that they can properly grieve and recover. If you pre-plan your funeral you get more benefits since your thought processes are still calm and clear and you can still make extremely important decisions. If you want a more rational and logical end of life plan, then you should do it while you are still strong and healthy.
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It is not only planning your funeral arrangement, better yet pre-pay or pre-arrange by taking care of the actual expenses.
It does well to pre-pay your funeral or cremation since today it is a fast growing and appreciated aspect of funeral planning. Like preplanning your funeral, paying your funeral expenses in advance is also becoming widely accepted by many financial professionals as a solid piece of sound financial and estate plan.
Savings and life insurances are the most common strategies to prepay your funeral plan. These are reliable and are readily available. But there are other strategies to consider when prepaying your funeral costs or expenses.
A policy specifically designed to cover funeral expenses is funeral insurance. You can include to cover funeral costs and expense like cost of flowers, burial plot, grave market, etc.