Tips on Pre-Planning Your Funeral

August 21, 2019

Afuneral can be a major expense, so it is good idea to have a plan for how yourloved ones will pay for yours. Keep in mind that your money may not beimmediately accessible to your loved ones and the funeral home will insist onbeing paid in full usually within 30 days.

Theaverage funeral costs approximately $7,500 which includes burial, embalming,transfer of remains, and other services provided by the funeral home. It doesnot include meals or Celebration of Life activities, special clothing, premierecaskets, soloists, and musicians and many other “extras”. It is best to assume the funeral will cost $10,000-$15,000.

4 Ways to Cover theCosts:

  1. Final Expense Insurance Policies (for those over 50years of age)
  2. A Dedicated savings account with shared access(joint account with a loved one)
  3. Purchase a bond for the person who will be planningyour services
  4. Pre-pay and pre-plan with the funeral home.

SomeItems to Decide in Your Funeral Plan:

  • Method of disposition (burial orcremation)
  • Burial location/Ashes disposition
  • Type of ceremony (religious, Celebrationof Life, memorial)
  • Officiant (clergy, minister,funeral director)
  • Readings
  • Eulogies
  • Music
  • Pall bearers
  • Obituary, Memory Boards, or Website
  • Flowers, donations or both

Make sure your estate plan provides clear instructions for funeral costs. An experienced estate planning attorney can provide you with some options for the best way to incorporate a funeral cost provision in your Last Will and Testament. For assistance in the Greater Baltimore area, please contact Stouffer Legal at 443-470-3599.

We can't wait to see you!
Today is the right day to take your first step. Click below to register for our next free workshop and learn what everyone is talking about.

Attending our next free Workshops is the best way to
Get Started on your New Estate Plan!