Five Good Reasons why you should Plan your Funeral Arrangements in Advance
The Following Five Benefits can be realized by Planning your Funeral Arrangements in Advance:
1. PROTECTING YOUR ARRANGEMENTS FROM INFLATION
By prefunding your funeral arrangements you can guarantee the funeral home charges. The way it works is when you prepay for a funeral you are placing the cost of the funeral at the price listed on the funeral homes most recent General Price List in an investment vehicle, the most common method is a Prepaid Funeral Trust account, so that the interest earned will keep up with inflation to cover the cost of the funeral, at the future prices from the most recent General Price List, when the death occurs.
2. PEACE OF MIND
Just knowing that you can choose how you wish to be remembered and also knowing that your personal wishes will be carried out.
3. YOU CAN CUSTOMIZE YOUR FUNERAL
You get to make all of the important decisions for what type of funeral arrangements you want for yourself. Whether it be burial or cremation preplanning allows you to make specific choices for the type of services or merchandise based on your own personal preferences.
4. YOUR MONEY WILL BE PROTECTED
Anyone who prearranges their funeral in New York state can take comfort in knowing that their money will be protected by what are honestly the most powerful pre-need laws in the nation. New York State laws require that 100% of the money used for prearranged funerals be deposited in an interest bearing account. The account needs to be a government backed trust account where the principle and interest earned remain the property of the purchaser. According to the law the purchaser must remain in control of the assets in the account.
5. FREE YOUR FAMILY FROM FINANCIAL BURDEN
You can relieve your family of making very difficult decisions at one of the worst times they may have to face. Prepaying funeral costs can be financially beneficial buy purchasing a future funeral at today’s costs.