Many people plan for life events such as weddings and vacations well in advance, but we often neglect to plan for something that is certain to happen, our funeral. While most people do not want to think about their own mortality, the time to pre-plan your funeral is now. The primary advantages of pre-arranging your funeral is to relieve the burden on your loved ones in an already emotional time, and to ensure your funeral is carried out according to your wishes, eliminating the task of second-guessing what you would have wanted. Taking the time now to arrange your funeral is one less thing your loved ones will need to worry about once you’ve passed. Pre-planning and pre-paying your funeral is one of the most thoughtful gifts you can give to your family.
Pre-paying your funeral reduces the stress and financial burden on your loved ones after your passing. We can co-ordinate a payment plan that suits your needs, from a single payment plan to monthly bank account withdrawals. By pre-paying your funeral you eliminate your family second-guessing what your wishes are for your funeral, and you will avoid over spending due to high emotions. Pre-payment also protects you and your family from inflation, and the growth is non-taxable. Depending on interest gained on your pre-payment, in Ontario, if your funeral costs less than the amount you have put aside, those funds will be refunded back to your beneficiaries. Each year thousands of people decide to pre-plan and pre-pay their funeral, these plans are designed to be flexible and can accommodate the many changes that often occur in people’s lives. For example, often people will decide to pre-pay or pre-arrange their funeral when they sell their home; this can reduce their taxes for the year.
What you can do in advance:
Decide on burial or cremation and your casket or urn type.
Pick what type of service you want (religious, military, non-traditional)
Choose which minister or celebrant to use.
Designate your pallbearers; pick any music or readings you want at your service.
Set aside cemetery property.
Erect a moment.
Benefits of Pre-Planning
Between 70 and 75 decisions are made within the first 24 to 48 hours after death. It’s difficult to think rationally while making so many decisions within days of losing someone important to you. Pre-planning gives you, and your family and friends peace of mind. Pre-planning gives your loved ones direction of your wants and desires. It’s easy, anyone can do it, and you can change your mind at any time. Be sure when making a pre-arrangement plan or especially pre-payment that you are talking to a licensed funeral arranger (Funeral Director), that you know works for a funeral home. That way you can be sure your arrangements and pre-paid contract a guaranteed, with the products and wishes you want. Be cautious of pre-arrangement notices received in the mail, they are often not from a local funeral home, and often just want to sell you a life insurance product instead of a guaranteed funeral pre-payment. If in doubt give us a call.