After you have passed, family members and friends will spend much of their time dealing with grief and honoring your memory. However, there comes a time when the funeral must be planned. It can be extremely difficult to consider finances while you grieve, so it helps to have a plan beforehand so that your loved ones can work with your local funeral home towards putting the event together. By planning art or all of the financial details of your service, you can greatly relieve your loved ones of the responsibility.
Below are three tips to help you prepare finances for your funeral:
- Prepay: Many people pre-plan their funeral and make the payments in advance. This option is ideal for those who want to take funeral plans into their hands and relieve their loved ones of the financial burden that comes with planning a service. By working with the right funeral director, you can map out and prepay for supplies and services required for the memorial.
- Plan: If you’re not ready or do not have the means to pay for your funeral ahead of time, it’s still helpful to plan the event and create a monetary breakdown to offer your loved ones. This will ensure that they are prepared for the cost and can set money aside or create a savings fund.
- Set Up an Irrevocable Trust: An irrevocable trust cannot be changed without the permission of the beneficiary (you). This means that if you set up an irrevocable trust ahead of time, the money you set aside cannot be put into motion until you have passed. This option allows you to rest easy knowing that the funeral has been paid for while allowing your family and friends the flexibility to plan funeral details as they see fit.
If you’re planning a funeral in Wagoner, OK, call the team at Shipman Funeral Home & Crematory for help. Compassionate and detail oriented, this highly qualified group of professionals can assist you in planning logistically and financially for your funeral or for that of a loved one. For more information, visit them online or give them a call at (918) 485-9525.