pre-paid funeral

Will Your Funeral Thrust Your Family into Poverty?

Should you choose not to plan your funeral and pay for it in advance, you risk plunging your family into poverty after you have died. Your bank account or ISA investment is probably producing a return less than inflation, or 0% for many bank accounts. Transferring your money and paying for your funeral now, locks in the price today, for whenever your plan is used in the future. Surveys suggest that the average price of a funeral is around £4,000. When you add a few drinks and sandwiches and room hire after the burial or cremation, individuals are facing total funeral bills of around £8,000. When you have less than £100 in your bank account and know that your salary or pension will only clear your mortgage, food and utility bills each month, where are you likely to find several thousand pounds at short notice, without calling in your preferred loan shark? Funeral inflation moves annually between 7% and 10%, depending upon where you live or die, across the UK. As the cost of burial ground increases rapidly, purchasing a plot in advance may be a sensible decision. Cremations are also increasing annually as rules are tightened about the environmental outcome connected to the emissions from these establishments. Discussing Death and Debt Is Awkward, But for Who? When elderly relatives claim that they won’t be around for much longer, it is easier to avoid the conversation about their demise and their funeral wishes, than ask them how much money they have set aside for the grand event. We should be able to discuss these matters, however uncomfortable. Conversations deliberating death and choosing your favourite funeral music are often left to those who must make educated guesses after the guest of honour has passed away. A funeral director will expect their bill to be paid shortly after the funeral. For the funeral to have been given the go-ahead, a signed contract will have been agreed and completed, stating who is to pay for the funeral. Where the funds are not available, there are several options available: Is there enough money in the deceased’s bank accounts, investments or savings? Can family members contribute towards the total required? Have you a large enough limit on your credit card? What can be sold to raise the funds? Whatever final choices are made, the bill must be settled by the responsible individual. Will the...

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A Quick Way We Can Help You

Click on the image below to make it a suitable size for your screen, please. How to organise your funeral....

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Funeral Plans in Numbers

The Funeral Planning Authority (FPA) statistics show that 135,160 pre-paid funeral plans were purchased during 2013, from registered providers. 57,001 plans were drawn down, which means they were used for a funeral during the year. This still leaves 859,840 pre-paid funeral plans that were undrawn; not used yet, at the end of the year. This represents around 1.5% of the U.K.’s population. Those purchasing and using pre-paid funeral plans are expecting to set aside the majority or all of their funeral costs by paying in advance. An average funeral across 2013 cost £3300-£3500 and the FPA suggest that funeral inflation is around 7% per year. That inflation rate is over three times the standard British inflation rate at present. funerals will cost around £6,220 by the year 2022. Compare eggs to eggs Anyone considering the purchase of a pre-paid funeral plan should carefully look over a range of potential packages, to not only compare prices, which are all quite similar, but to compare the contents of each package so that you know what is guaranteed within the purchase and what is not. Some prepaid funeral plans guarantee the funeral director’s costs and apply a sum of money against the additional costs, which include the cremation or burial, doctors fees and the expenses involved in conducting a funeral service. A burial costs around £1,000 more than a cremation. You will need to check whether limousines are included as well as a hearse for the occasion. You will receive a certificate detailing the precise information about your purchase. The type of funeral you require can vary considerably. In some circumstances people wish for the body to be available for visitors to spend a few moments to say a private goodbye. Choosing a simple coffin or up to the most extravagant model, can dramatically change the cost of a funeral. Best advice The best advice for anyone considering the purchase of a funeral plan is to decide exactly what you do want, to list what you don’t require and see which packages meet your particular needs. You can complete the purchase over the Internet, by post or by meeting with a representative of the funeral plan provider. All providers offer you at least a 28 day opportunity to change your mind and ask for all of your money to be returned to you. Related articles Funeral director speaks out on rising cost...

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Should You Talk to the Widow?

After someone has died, neighbours, friends and colleagues from work may be unable to talk to you about the deceased, the funeral and any other matters relating to those subjects. People are worried they may say the wrong thing and may try and avoid a widow or family member when they meet them outside of home or work. While it is true that many people do struggle to talk about death, it is usually helpful for those closest to the deceased person to talk with friends, neighbours and colleagues about the person who has died. They may ask about whether a pre-paid funeral plan exists or if the deceased had any particular final wishes. They want to ask questions about the funeral and may be afraid to ask. Those that do step forward to ask you about ways in which they can help you at this time, will be of a great help to you and if there are any tasks which require completing, these may just be the right people that can help you at this time. As soon as the ice is broken with the people closely affected by the death, most individuals will find that it is better to talk about the subject than to avoid it and people who have lost someone close to them recently will be pleased to talk rather than being left alone at a time of great...

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Can You Hold a Private Funeral?

Whether you’ve organised a pre-paid funeral plan or not, you can arrange a private funeral and service for the people you wish to attend. Who you invite is up to you. By only inviting a select number of people, the event will be quite intimate. The rest of the public and the press won’t be able to join you. The public and the press are, nevertheless, allowed on public roads and other public places around wherever it is that you choose to hold a private funeral and service. One of the most important points about arranging a private funeral is that you don’t have to allow for the expectations of those you don’t wish to attend. You will, however, be denying people the option to attend. This may have been their one opportunity to show their respects and share the occasion with someone they loved or appreciated. By your actions you will undoubtedly cause an element of hurt and offence and if this is with family members you expect to share time with again, the conclusion will be finely balanced and you may need to explain your decisions, very carefully. There is always the option of going with a private funeral and then opting for a public memorial service later. This might suit all of your funeral planning. Whatever your decisions – and they begin from the moment you pre-plan and pre-pay your funeral plan – you won’t be able to undo what you’ve done. If that suits you, then go ahead. If it doesn’t leave you with enough room for movement later, then it’s time to reconsider your...

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