Prepaying

Did you ever have an experience where you just filled up your car with gas the day before and now the prices have dropped twenty cents? Doesn’t that make you angry? And you know that by the time you need to fill your car up again, those prices will have hopped right back up again?

Of course, if the story’s reversed and you happen to fill up the day before the prices go up, you feel pretty good.

Well, the whole idea about prepaying for your funeral is pretty much right along those lines. If you pre-pay your funeral, you’ve locked in your price at today’s costs and don’t have to worry about the price increases of tomorrow.

Different states have different funeral funding options. At Plummer Funeral Home, we are able to set up a funeral trust. This sets the necessary money aside to cover the funeral expenses. The trust is a dedicated fund that will go only toward the funeral and associated costs. One needn't be worried that the money will be redirected. In most cases, the entire cost of the funeral can be pre-paid. However, sometimes families are able or willing to cover only a portion of the cost before the funeral need. Children, grandchildren, wives, husbands and all loved ones can be relieved of the burden of funding the funeral. One might be surprised to find out how often this comforting option is utilized by families.

At Plummer Funeral Home, we try to keep the funeral costs down by providing low cost alternatives to higher priced options. But, the costs of a service, a casket and a plot can be a big pressure on a family. With pre-paying, this is eliminated or at the very least, this issue is addressed.

Another reason for prepaying is asset protection. If mom or dad is going into a nursing home or assisted living home, there is a possibility of going through their assets and becoming dependent on Medicaid or Public Aid assistance. Prepaying for a funeral will allow family members to keep life insurance assets without having to cash them in as long as ownership of the properties are made within a prescribed period of time.

Along with the funding, of course, the plans for the funeral itself will be set. Between the pre-planning and the pre-paying, a good deal of fear or dread is taken out of the process as well. With every angle covered-the funeral trust and the funeral itself-entire families can be more at ease.