Category: Advance funeral planning / preplanning

Another year over and you made it through without getting that funeral plan completed. But there it is, still on your to do list. How many years have you been thinking about getting this done? If you are a procrastinator this is the one you can put off until the very end. Then it will become a job for someone else.

 

Still, if it is on your list there must be a reason. Perhaps you want to be the one who decides what is done and how much is spent on your last good-bye. Maybe you were the one who had to take care of a parent’s funeral and you do not want to leave yours to your children. You had a reason. What was it?

 

Why do we put things off? What’s the benefit of procrastination? What’s the harm?

 

We are naturally conditioned to avoid unpleasant tasks. It is estimated that 10 to 20% of people put off regular dental visits. Why? Not because the results are good, that is for sure. People procrastinate because they are scared. They fear the dentist. And how does that work out? When they finally see the dentist, it is because they are in pain. It is an emergency. Avoiding the regular checkup, procrastinating, does not help. It makes the dental experience more painful and even more expensive. No benefit at all. Putting off funeral planning is a lot like putting off seeing the dentist, nothing good comes from procrastination.

 

Funeral Planning will not kill you. You will have to acknowledge your mortality, but then you do know you will die one day, don’t you? So, what are you waiting for? Do you think planning will be easier if you wait until you are ill? No, of course it will not be easier if you are sick.

 

Actually, the longer a person waits to get a plan in place the fewer payment options they will be able to take advantage of and the costs increase. A younger person can plan, and if they choose to, purchase insurance for their plan so when they die the insurance company will cover the funeral cost. Coverage like that does not get cheaper as we age, it is the other way around. Funeral costs, like most costs, have historically increased over time. There is no point waiting. The cost will not go down.

 

Experience tells us people who complete a plan feel good and are pleasantly surprised at how easy it was. On average it takes about two hours to complete a funeral plan.  You will most likely be able to choose to have a planner come to your home if you don’t want to go to the funeral home. Planning your funeral is not difficult. Just call the funeral home and set up a time. Do not wait. 2021 will be over sooner than you think.

 

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Reason Number One:

 

The need to make that first call, the one to the funeral home, nearly always catches people unaware and off guard.

 

Even when a death is clearly coming it is almost always unexpected. “Mom was 96 but we just talked to her on Sunday, and she was fine. Hospice told us it was just a matter of days, but we just stepped out to the store for a few minutes, and he was gone. She was doing so well, we were surprised.”

 

When a person dies the first order of business is calling a funeral home to come and take the body into their care. When family doesn’t live close, they may not be familiar with the funeral homes in the area. Which funeral home should be called?

 

Even with all of today’s wonderful ways to connect it can take hours to track down immediate family members. This one is in a meeting, that one is picking up kids at soccer practice, someone is at the gym and has their phone on silent. It can take a while to reach everyone and get them to weigh in on the decision about which funeral home to call. In the meantime, someone waits.

 

Reason Number Two: 

 

The people who you love and who love you are going to be very busy just getting there. It’s not a good time to be making the big decisions. Burial or cremation, church or not, celebration of life, which minister, what restaurant, wood casket or metal, visitation the day of service or the night before?

 

Your far-flung family will be trying to book flights, pack suitcases, arrange for the dog to be taken care of, get someone to fill in for carpool, and get time off work. Their minds will be racing. It’s not a good time to make decisions that they will live with forever. Funeral decisions carry a lot of weight. Everyone wants to get it just right. No one wants to wish they had buried mom in her red dress instead of her blue dress for the rest of their life. Just think how much better it would be IF they just had to get there and meet with the funeral director you selected to review the plans you left for them.

 

Reason Number Three:

 

Your family needs time to be together. They need each other. They need to remember the stories, look at the pictures, cry together, and hug one another. 

 

The plan you leave for your children, grandchildren, sisters and brothers, and friends is a gift. You give them the gift of time to lean in and realize that they have lost you. This is precious time they have together. There will still be much for them to do but when you have lifted the weight a little, you leave room for them to work together and be creative. They can pull their talents and put their own touches on the framework of the funeral plan you provided for them.

 

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Definitely not. In fact, if one were to ask the children and family members of those who planned their funeral in advance how they felt about their family member’s foresight they would no doubt tell you they felt very lucky indeed.   

 

Imagine this: your phone rings or buzzes or sings and you answer or check your messages only to find out someone you care about has died. Maybe they succumbed to a long and difficult illness or perhaps the death was caused by an accident or a sudden unexpected medical event. What happens next? If you are one of the family decision makers, you begin to come together. That coming together can mean a drive across town or it may involve booking a flight. It can mean a series of telephone calls or a Zoom style family meeting. There will be questions that need to be answered and decisions that must be made. 

 

Where did the death occur? Who do you call to transport the body? Where will the body be taken? Which funeral home will be used? When will a service take place? Will there be burial, cremation or something else? Will there be a spiritual component? Who will prepare the death notice? Who will take care of writing the obituary? How much will everything cost and who will pay? How soon will funds be available? There will be many decisions that must be made in a short period of time. 

 

Now, imagine there is a plan in place. Funeral arrangements have been made and paid for in advance, maybe even years before an illness was even known about. Imagine family members knowing exactly who to call, what will happen, how much it will cost and how all the services will be paid for. Luck is with those who prepare. It’s called making your own luck. 

 

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The butcher, the baker, the candle stick maker. Does anyone go to the butcher for a candle? Would anyone even think of asking the funeral director for investment advice?  The financial advisor, while very knowledgeable about money and investments, has little experience in helping a family honor the life of someone they love. Yesterday you could hold the hand of your loved one, today you must figure out how to say good-bye.  Tomorrow you will begin the difficult task of living without the one you love. In the midst of all of this you will need to plan and pay for a funeral service. Helping families navigate those difficult days or to plan for this inevitable event is the job of the funeral director.

 

Accessing the dollars to pay for a funeral is where the financial planner can help. A financial planner who is familiar with a family’s financial resources can help them decide how and when to pay for a funeral. In a perfect world the investor, that’s you, would not die on a day the market was down, or just as his stocks were on the rise. He would die when it is a good time to take the cost of his funeral out of his investments. His heirs would not be burdened with tax consequences. Truth be told, life just does not always work out perfectly. We do not decide when we die.

 

This is what you can do. Plan the funeral with your funeral director. Talk to her about service options that will help your family cope with your loss. Talk to her about how much you are comfortable spending. Become educated about the advance payment options that are offered through the funeral home.

 

Ask if you can pay for your funeral in monthly payments over a few years. Ask what happens if you die before you complete all payments. Many funeral homes fund funerals with insurance products designed just to pay for funerals. That can mean the funeral will be paid for by the insurance company should death occur before your payments are completed.

 

Ask what happens if the cost of your funeral increases between now and when you die.  Is there protection available for funeral inflation?

 

Talk to your spouse. If you die first, who will pay for the funeral? Where will the money come from? Will there be tax consequences? Would it be easier for the one who will be responsible if the funeral plan were funded? Decide what will work best for your family.

 

Now, go to your financial advisor. Ask him if you should pay for your funeral in one single payment now, or should you take advantage of one of the payment plans? Share all the information you receive from the funeral home. Get financial advice, not permission, from the one who looks through the lens of the dollars, the financial advisor.  Get your funeral planning advice from the one who helps families cope with death, the funeral director. Make your decisions for the ones you love, with the ones you love, your family.

No one likes to imagine a time when they’re not around to help their children anymore. A parent’s job is never done, regardless of how old their children are. But there may be a time when a parent is no longer there physically for their children. However, there’s one final gift that any parent can give to their child. Preplanning your funeral as a parent can save your child from added pain and stress during an already challenging time.
Why Should Parents Preplan?
If you have several children, you’ll spare them from future spats.
When a parent passes away, it usually falls to the children to plan their funeral and disposition. But what happens when there are several children making decisions? Unfortunately, if they don’t know their parent’s wishes, those children will often butt heads because they all have different ideas that they want to follow. Everyone only gets one funeral and one disposition, so it’s crucial that they properly honor the loved one who passed. But each child may have a different image of what honoring their parent looks like.

By preplanning your funeral, your children will know what your wishes are. There won’t be any competing ideas that can result in arguments. There will be one set of instructions to follow — yours. During a time of great grief, emotions can run high, which can make even the smallest of arguments quickly compound. With your preplanning instructions, they can grieve together in peace instead of fighting while they should be spending time comforting and supporting one another.

If you have one child, you’ll spare them from becoming overwhelmed.
If you do have multiple children, you can take comfort in knowing that they’ll be going through the funeral planning process together. And while that can lead to fights, it can also lead to them feeling less alone during a lonely time, especially if you preplan to make arguments less likely. However, if you only have one child, they’ll be the only one making the decisions around your funeral. They may feel like they have no one to talk to, causing them to wonder if they’re making the right choices with no one else supplying their thoughts. The funeral planning process can feel overwhelming. There are many decisions to be made, from what types of services to have to where your final resting place should be. Losing a parent can trigger feelings of loneliness and isolation, in addition to powerful grief. But if your child has to plan every detail of your funeral and disposition while they’re already emotionally taxed, they may neglect taking care of themselves in favor of taking care of the funeral.

It’s hard to be an only child who lost their parent. There are no siblings there to comfort one another. Your child may find themselves feeling more alone than they’ve ever felt. By preplanning your funeral, you take the stress of worrying about the funeral off of them. You’re giving them a gift, saying that they can take care of themselves during this difficult time, rather than thinking about every detail of the funeral.

You’ll know that you’ve done your best to guide your children through the funeral process.
Parents never stop teaching. Whether your child is three or 43, you want to be a source of knowledge and guidance for them. Parents wish that they had all the answers in the world for their children, but one answer that they can give is what they want at their funeral and as a final resting place. Still, because talking about funerals and disposition can be uncomfortable, many parents neglect to have this essential conversation with their children.

When you preplan a funeral, you’re going one step further than simply talking about what you want. You’re giving your children a blueprint. Your children will know that they are hosting the funeral that you wanted, giving them peace of mind. They can mourn without any concerns about whether or not they’ve done right by your wishes. They’ll have your wishes written out for their guidance.

You can opt to prefund, saving your children from future financial woes.
Although you can preplan without prefunding your funeral, choosing prefund can spare your children from worrying about whether or not they can afford the funeral you deserve. Many believe that life insurance will cover the cost of a funeral and disposition, but the funds that your family receives through life insurance are often used to cover other end-of-life care, like medical expenses. At the time of a funeral, services must be paid in full. Without prefunding, your children may end up struggling to cover the costs.

When you preplan your funeral, talk to your funeral director about your option for prefunding. They can walk you through the different plans that can help you cover your funeral and disposition in full, preventing your children from having to worry about if their finances line up with the funeral you’ve planned. There are many different options for paying toward your funeral, so working with a funeral director can ensure that you’re using a plan that works best for you and your family.

The best way to preplan, whether you intend to prefund or not, is by working with a funeral home. Planning with a funeral home takes more of the guesswork out of arranging your funeral. Your children will know exactly where your plans can be found, and they’ll be able to work with a funeral director who understands your wishes. Preplanning your funeral with a funeral home is a free process that anyone can do. It’s the best way to ensure that your final wishes are honored.

Preplanning your funeral as a parent is giving a final gift to your children. Losing a parent is something that many people will experience in life, but the loss is always difficult. You can make this challenging time easier for your children by allowing them to grieve in peace without the worry of funeral planning.

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