For reliable and independent will writing services
contact Karen now on 0151 305 2305
You can arrange to pay for your funeral in advance, normally in the form of a pre-paid funeral plan or funeral insurance.
A pre-paid funeral plan can be paid for by paying a funeral director in advance or a funeral care company. It is wise to make sure that the company that puts your money into a Trust, therefore the money is safe if the funeral director were to go into liquidation. Always check exactly what is covered by the plan as some plans do not cover all the expenses.
A funeral insurance is a policy that pays out a fixed lump sum which should cover the cost of a funeral. It is sometimes called an “Over 50’s plan”.
Make sure your Executors or family members are aware of the plan details, it is often a good idea to mention the plan details in your Will.
If there are no pre-paid funeral plans or funeral insurance plans and the person has money in their bank account to pay for their funeral, be very careful as banks and building societies often freeze the individual accounts when that person dies and will not release the funds until probate has been granted, which can take months.
For help and advice on funeral plans, please contact us.