Funeral Planning – Putting Together a Smart End-of-Life Strategy

Funeral Planning – Putting Together a Smart End-of-Life Strategy

Most people ignore one of the most valuable presents you can give your family: adequately preparing for an inevitable. You may have started your estate planning by drafting a Will or establishing a Trust. However, the grim reality is that about 70% of Americans do not have an estate plan in place. So, by creating a will or a trust, you’ve taken the first step toward planning for your future financial goals. The difficulty is that this approach to planning falls short of the most crucial goal: resolving your family’s urgent concerns. Here are some broad recommendations to follow as you begin the Safe Hands Funeral Plans process of your funeral:

  1. Visit several funeral establishments and speak with several funeral directors.
  2. Select a funeral home and director with whom you believe your family will feel most at ease.
  3. Think about having family members along for the choosing process.
  4. Be aware of and educated about bereavement benefits available to veterans, unions, fraternities, and other groups.
  5. Think about your religious and moral beliefs and talk about them with your family.
  6. Decide on your last resting place (burial, cemetery, entombment, cremation, etc.)

What if you paid for your funeral expenses ahead of time?

Prepaying (also known as prearranging) for your funeral services to take care of the actual expenses, even though organizing your funeral arrangements in advance may help ease many of the hassles. Prepaying for your funeral or cremation is one of the most popular and well-liked components of funeral planning. Paying for your funeral bills in advance is becoming widely acknowledged by many financial advisors as a solid piece of a healthy financial and estate plan, similar to preplanning your funeral.


Although many people opt to put money away to cover funeral costs, there are reasons why it does not always work out as intended:

  1. Unexpected financial events, such as health or financial troubles, might drain funds.
  2. Because of the difficulties and limits that sometimes accompany estate preparation, this money is not readily available and liquid upon death.
  3. because of inflation and the increasing cost of funeral expenses, the money set aside is sometimes insufficient.
  4. It should be remembered that savings are considered part of one’s estate and, as a result, taxable repercussions may arise.

Life insurance 

Term life insurance is usually regarded as a  Safe Hands Funeral Plans, a straightforward and cost-effective option to cover your final burial expenses. Although term life insurance has a predetermined term or number of years, it can be used to pay for your funeral in advance. It can be applied for many things, including funerals, burials, cremations, liquidity, and many other things, including debts or commitments, because it becomes a liquid asset that is usually not part of your estate when you die.