Pre paid funeral expense services Forms for Los Angeles
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FAQ
Smart Ways to Cover the Costs of a FuneralPayable-on-death (POD) account. This is a type of bank account that allows you to put aside funds for your funeral and name someone who can get access to the money when you die.Savings account.Veterans benefits.Borrowing.Low-cost options.Prepay at funeral home.
A prepaid funeral plan is customized to include the services and goods you want for your funeral. For instance, you can include the funeral home services, the casket, flowers, transportation, and anything else you require.
A funeral director may agree to accept payment by instalments, but it's a good idea to check with them first. If it's not possible to pay for the funeral from the deceased's estate, family and friends are usually expected to pay for it. The Money Advice Service has some useful advice on ways of reducing funeral costs.
So-called preneed plans, sold by funeral homes, allow you to arrange for the type of services and casket you want and pay now with a lump sum or through installments. The home either puts your money in a trust fund with the payout triggered by your death, or buys an insurance policy naming itself as the beneficiary.
A prepaid plan like the ones described above can be a convenient and reassuring way to spare your family some measure of emotional stress when the time comes: The big decisions about your funeral will have been made, the money paid, and that will be that.