Funeral

By Terry Savage on October 15, 2024 | Wild Card

is pre planning my funeral a good idea

Terry Says

That depends on what you mean by pre-plan, and also your circumstances in life.
Yes, you should be organized, have a will, and documents easily accessible. Download the Personal Financial Organizer form linked at the top right of my website.

Among those paper should be your cemetery deed. And a letter of instructions about your preferred services. Note — this is not I your will, which may not be read until after your funeral!

If your question is about PRE-PAYING for your funeral, I have my doubts. Surely you will leave enough assets to pay for simple funeral expenses. Why give the money to a company ahead of time?
The only exception might be if you applied for a state Medicaid program, and a pre-paid funeral plan is considered an exempt asset.

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