There are three requirements to prearrange a funeral:
1. Place Information On File
During the prearrangement conference, the basic biographical information needed for an obituary as well as a death certificate is recorded. This information is kept on file safely at the funeral home and can be updated as necessary.
2. Select Merchandise
After recording the information, the casket and vault are selected. These are added to the file.
Prefunding the funeral is a choice many people make to further ease a possible financial burden on surviving family members. It allows you to arrange a specific kind of service based on today's cost. It also assures an adequate fund to pay for the service.
Paying for your funeral today will guarantee the full payment of the funeral at no additional cost in the future. There are two separate ways to prepay a funeral:
A. Prepay by establishing an IRREVOCABLE funeral trust.
B. Prepay by establishing an IRREVOCABLE funeral insurance policy
An IRREVOCABLE policy is required for Medicaid purposes. Money paid in cannot be paid out until the time of death. You should never write a check for a prefunded funeral directly to the Funeral Home. Always write the check to a Trust or an Insurance Company.
To further discuss these and other questions you may have, please contact us.