Posted by Tony O’Shea, Funeral Planning & Life Insurance Expert
With the costs of funerals rising over recent years, it’s essential to understand what the different aspects of a funeral costs, so that you can better prepare for the future. Avoid financial worries after a bereavement and make sure that the wishes of your loved one are followed without compromise by making sure you are well informed about the process and know the options.
When a loved one has died, the last thing you want to be worrying about is the expense of their funeral. However, as funeral prices rise, it's becoming more difficult for families to afford all the different aspects of a funeral service. That’s why it’s important to know exactly what is expected when a funeral is needed, and what the costs surrounding the process are.
There are many components required when planning for a funeral, from initial preparations after the bereavement, all the way to the day itself. The fees and charges attached to a funeral will normally be deducted from the estate of the person who has passed. Although if there is still more to pay, the family of the deceased will have to step in. Typically, the first cost for the funeral will be the act of hiring a Funeral Director.
This Funeral Director will then help to organise the other aspects of the funeral and give you an estimate of the cost of the funeral overall, including Funeral Director fees and payments to third party services.
The overall estimate for the funeral cost averaged about £3,600 in 2017. It includes the price of the coffin, the burial itself, the Funeral Director, any transport for the deceased, the flowers, a headstone and maintenance of that headstone, and any newspaper adverts.
Beyond that cost, there are a number of additional payments that may need to be included. These can include the cost of looking after the deceased until the funeral in a funeral home or other location, funeral cars for the family of the deceased, staff, other professional services that may be employed, doctor’s fees and the provision of the death certificate.
Payments to third parties on your behalf are also included in the price of a funeral. They will often include payments to ministers, celebrants or officiants, catering arrangements, burial plot, headstone and in some cases, charges for the removal of a pacemaker etc.
As we mentioned before, these funeral costs are rising and have been predicted to reach up to over £5,000 by 2020.
In order to avoid these financial worries at such a difficult time, it's important to put together a funeral plan. It can help your family when you have passed to accommodate the cost of the funeral.
A prepaid funeral plan can be the perfect way to make sure all the costs are covered before a funeral needs to be organised, and any wishes from your loved one can be taken into account. There are a number of prepaid funeral packages to choose from, from a wide group of reputable companies, that can help you accommodate any budget.
Choosing a prepaid funeral plan will also allow you to spread the cost of the funeral package over a number of years. It will most likely be paid off by the time it is actually needed. You can secure a funeral, perfect for you and your family, at the prices of today and make sure that your family and friends don’t go through unneeded stress when you have passed away.
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