Are Prepaid Funerals a Good Idea?
Prepaid funerals are different from life insurance. Life insurance requires the consent of the insured person, while prepaid funerals can be taken out without their knowledge or consent. For instance, a caregiver may pre-plan a funeral for their terminally ill mother. This way, she doesn't need to communicate with the mother to make the arrangements. The caregiver can also plan a funeral for a terminally ill spouse. Prepaid funerals can be a good idea Though prepaying funeral expenses may seem like a savvy money-saving move, it is a poor idea for several reasons. While it may seem that you are helping your family avoid burdensome financial decisions, there are several other ways to achieve the same goal. Read on for more information. Whether or not prepaid funerals are a good idea for your family depends on your circumstances. Here are some advantages and disadvantages of prepaying funeral costs. A prepaid funeral plan will prevent family members from making any last-...