Funeral Prepaid Plans
When it comes to funeral prepaid plans Sydney , it is important to inform family members so they can make the appropriate arrangements. This can be done by including the plan in a will, but family members are not likely to read the will until the day of the funeral. Another option is to store the plan in a safe deposit box, but grieving family members will probably not check it until the funeral is over. A final option is to provide a list of funeral directors who can help your family plan the funeral. Benefits Prepaid plans are a great way to ensure that you have all the arrangements you need for your loved one's funeral without having to worry about the cost. These arrangements are made through a payable on demand (POD) account in a bank or Totten trust. You can designate who will receive the funds after your death, and if you wish, you can make a co-owner. Unlike POD accounts, funeral prepaid plans do not have to be paid out right away. In fact, if you're a disciplined s...