Many people plan for life events such as weddings and vacations well in advance, but many people do not plan for something that is certain to happen, their funeral. While most people do not want to think about their own mortality, the time to pre-plan your funeral is now. The primary advantages of pre-arranging your funeral are to relieve the burden on your loved ones in an already emotional time, and to ensure your funeral is carried out according to your wishes, eliminating the task of second-guessing what you would have wanted. Taking the time now to arrange your funeral is one less thing your loved ones will need to worry about once you’ve passed. Pre-planning and pre-paying your funeral are amongst the most thoughtful gifts you can give to your family.
Pre-paying your funeral reduces stress and financial burden on your loved ones after your passing. By pre-paying your funeral you eliminate your family second guessing on if they have spent too much or too little on your funeral. Pre-payment also protects you and your family from inflation, and the growth is non-taxable. Depending on your region, if your funeral costs less than the amount you have put aside, those funds will be refunded back to your beneficiaries. For more information on what is applicable in your region, simply speak to your funeral director. Each year thousands of people decide to pre-plan and pre-pay their funeral. These plans are designed to be flexible and can accommodate the many changes that often occur in people’s lives.