To protect their loved ones from the burden of planning and paying for their funeral once they pass on, many people elect to design a prepaid funeral plan themselves. They work with a reputable funeral home to make all the necessary arrangements and pay for the service in advance. If you've been concerned about your own final plans and wish to consider advanced funeral planning, the information below explains some of the advantages.

Why Should I Invest in a Prepaid Funeral Plan?

1. Lock in Today's Price

By arranging a prepaid funeral plan, you secure the price of final arrangements and guard against inflation. For instance, you could live for decades after signing the advance funeral contract yet still pay only the agreed amount. It could eventually save you hundreds—or even thousands—of dollars, depending on the scope of the contract and the types of services you want. You can even make payments over time if you cannot afford to pay the entire amount immediately.

2. Protect Your Loved Ones

The time of bereavement is difficult and stressful. Your family and friends will likely already be emotionally bereft at your loss. Don't allow the burden of a sudden financial responsibility make it worse. By arranging a prepaid funeral plan yourself, you not only protect them from the costs of your final arrangements, but you also keep them from having to make the decisions on your behalf and prevent potential conflicts.

3. Spend Down Your Assets

Prepayment is an effective way to reduce your assets so you can qualify for Medicaid or SSI. The government has strict asset limits that patients must meet before they can qualify for certain types of assistance and long-term care. You may not qualify if you have too much money in the bank, but they allow funeral prepayment as an asset reduction strategy.

To create a prepaid funeral plan with a helpful, compassionate professional, contact Fred D. Knapp & Son Funeral Home in Greenwich, CT. They are family-owned and -operated and have been a part of the Fairfield County community since 1846. They offer both burial and cremation services and can help with funeral planning to save your loved ones the burden. Visit their website to view directions and business hours or call (203) 869-0315 to schedule a consultation.