Dying and your funeral is more than likely something you would rather not think about at this moment – why would you? But there is one thing you should be thinking about sooner rather than later, and that is how will your funeral be paid for. Did you know the average funeral now costs around £4,000 if not a lot more?
Ask yourself the question, is this a sum your family could afford to pay at the drop of a hat? But don’t worry as funeral plans provide a way to pay for your funeral now, so it is all taken care of when the time comes.
What Is A Good Funeral Plan?
The funeral plan lets you pay for your funeral upfront – it’s that simple. Maybe it is easier to think of it as a pre-paid funeral. This has key advantages for your close family and relatives. Consider this, they do not have to pay for it themselves. Even the most basic funerals can be surprisingly expensive – more than many people could afford to pay without saving up for it.
Of course, your family can pay for your funeral using money from your estate – that’s if you have one. The good news is that this cost would not be subject to inheritance tax. But on the other hand, paying for the cost of a funeral from your estate could mean you would be leaving your relatives less money than you had hoped to.
Are Funeral Plans Worth Having?
Funeral plans are good and considerate ideas for several reasons. The first is obviously financial. As mentioned above and will talk about more below, funerals are very expensive “events”, even if you are trying to keep the costs down. Without a funeral plan in place, these are costs that your family will have to find and pay for.
The second reason is it gives you more of a say in the plans. When you take out a funeral plan you take the decisions about the sort of funeral you would like. It is your opportunity to plan things like flowers, music and the coffin. These are all things that will make your funeral more personal to you and more meaningful for your family.
The third reason is it will relieve your relatives of the stress at what is already a difficult time. A funeral plan means you have already taken care of the costs as well as most of the planning.
It will save them having to make lots of decisions about funeral arrangements that they do not really have the energy to think about. By doing this you will be minimising the distress for your family, allowing them to say goodbye without worry and financial burden when the time comes.
The Best Funeral Plans
V A Peterson, Cwmbran offer pre-paid funeral plans from Golden Charter. Golden Charter is a leading funeral plan trust and has a range of plans to suit all budgets. The plans we offer include:
Independent Simple Way Plan
The Independent Traditional Way Plan
Independent Exclusive Way Plan