Important Steps To Planning Your Own Funeral

Posted on: 23 January 2015

Are you concerned about your family's future? Are you worried about what would happen if you were to die suddenly? While nobody likes the idea of their own death, planning ahead is the best way to make sure that your family is taken care of. Here are some tips on how to plan your own funeral:

Buy a burial plot: If you wish to be buried and not cremated, your burial plot could be the most expensive part of your funeral. If you don't have the money to purchase a plot outright, find out if the cemetery has a payment plan.

They may allow you to pay a little bit every month, similar to a car or home purchase, until the plot is fully paid for. This way, when the time comes, the plot will be paid for and your relatives won't have to go to any additional expense.

Find a funeral home: Contact a funeral home or two and find out what your estimated funeral costs will be. Make sure you know how much your casket will cost, as well as any additional items or services. If you want to hold an open casket funeral, the funeral home might charge additional fees for getting you dressed or adding makeup.

When you talk to the funeral home about expenses, they may suggest that you prepay them for any funeral costs. Prepaying for your own funeral isn't always a good idea. You could end up moving out of the city or to another state or the funeral home you picked could go out of business in the future. Either option means that the money you already paid may be unavailable to your relatives.

Set up a trust fund: Talk to a lawyer about setting up a trust fund to pay for your funeral expenses. Use the expenses that the funeral home provided as a guideline. However, because costs rise over time, you should add extra money to the trust fund to make sure that all expenses will be covered. Also, the trust fund should accumulate interest, which will further help defray your funeral expenses.

Discuss your plans: After people pass on, fights sometimes break out in a family because some relatives think the funeral should be done one way and other relatives think that the deceased wanted a different way. Sit your family down and talk to them about what you decided.

Let them know which funeral home you'd prefer and where you've stored your documentation. Make sure that everyone knows the name of your lawyer and that you have a funeral trust fund set aside for your funeral expenses.