Planning for your future includes planning for your death.
Death is a reality.
Chances are you know someone who has died.
Perhaps they had their affairs in order.
Perhaps they did not.
According to a recent Kiplinger article titled “Plan Your Funeral as a Gift to the Kids,” taking steps to plan for end-of-life situations will be a blessing to your loved ones.
They have lost someone who means the world to them.
You can allow them time to fully mourn by pre-planning your own funeral.
You can choose funeral homes, service songs and speakers, your casket or urn, and your plot in advance.
By doing so, your family will be at peace knowing these were your wishes rather than having to guess how you wanted to be remembered.
Funerals can be costly.
Setting aside money in a payable-on-death account with instructions to pay for your final expenses can be helpful to your loved ones.
Some providers may even allow you to pay for your funeral costs in advance.
Pre-planning can also keep your final wishes on budget and maximize the inheritance you leave to heirs.
You can compare costs at different funeral homes and other service providers.
It also can help keep your loved ones from being taken advantage of in their grief.
Taking these steps now to organize your affairs and instruct your family will bring great peace at your passing.
Reference: Kiplinger (May 31, 2019) “Plan Your Funeral as a Gift to the Kids”