How Prepaid Funeral Planning Works

January 22, 2019 11:03 pm Published by Leave your thoughts

Talking about funerals and end-of-life planning is uncomfortable for many people, but it’s important to discuss these things with the people whom you love so that you can make your own choices and help alleviate the burden placed on your loved ones at the end of your life. Planning and prepaying for your funeral allows you to take care of all of the important details so that your family members don’t have to make those tough choices when you pass away. If you’re interested in prepaying while planning a funeral in Chicago, IL, follow some simple tips to help you along the way.

What is a prepaid funeral?

Prepaid funerals are an option for people who want to plan and pay for their own funerals or memorial services in advance. In some cases, individuals who prepay for their funerals set aside money in a designated bank account to cover these expenses once they pass away. In other cases, a person might pay for everything in advance so that everything is already covered when they pass away. Lots of people—even younger, healthy people—choose this option because it takes a lot of the financial burden off of their loved ones. In addition, this planning method allows you to have a lot more control over every aspect of planning a funeral in Chicago, IL. Here are some tips to take into account:

  • Consider your wishes: The most important thing to remember when you’re planning a funeral service is that your wishes are the priority. Take time to think about the things that you want, and write out your wishes so that you can plan your service and effectively communicate your desires to your family.
  • Choose a financing method: There are a lot of different financing options that you can choose from when you prepay for a funeral service. For instance, you can set up a joint bank account with a designated family member or loved one where you can deposit the funds that will be necessary to pay for your service. You may also establish a trust to cover these expenses with a designated beneficiary. It’s a good idea to speak with a professional about all of these different options so that you can find the one that’s right for you.
  • Communicate with your loved ones: No matter what you decide to do when it comes to your funeral or memorial service, communication is key. Sit down with your loved ones and tell them about your plans. It may be a difficult conversation to have, but speaking to the people whom you love about planning a funeral in advance will alleviate a lot of the stress and pressure in the long run.

Planning a funeral in Chicago, IL

At Marik-Baken Funeral Services Ltd., we understand the challenges that come along with planning a funeral in Chicago, IL, and we are dedicated to making the process as easy as possible for you. Whether you are making arrangements after the passing of a loved one or you want to make plans in advance for your own funeral, we are here to help. To find out more about all of the services that our experienced and professional team has to offer, simply give us a call today.

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