Funeral pre-payment plans

As part of the process of writing your Will, we will have discussed whether you wish any specific funeral arrangements to be incorporated into your Will. You may wish to go one step further and make financial provision now for the costs of your funeral.

Whoever arranges the funeral is responsible for ensuring that the funeral bill is paid, so it’s important to consider how your executors will be able to pay the funeral director – like any other business, it will expect prompt payment for its services.

The cost of the funeral can be covered in a number of ways. These include:

  1. Money from your estate. However, it can take weeks or even months before Probate is granted and your executors can access the estate’s funds.
  2. A family member or loved one may have to cover the cost while the estate is being settled. However, as the average cost of a funeral in the South East was £2,800 for a cremation and £4,680 for a burial in 2009, and with funeral prices rising by over 7% in the last twelve months, the financial commitment could be substantial.
  3. A pre-paid funeral plan. Alex Truesdale Wills Limited has teamed up with leading funeral plan provider Golden Leaves to offer a range of prepaid funeral plans at competitive rates.

There are three key advantages of arranging and paying for your funeral in advance

  • you can relieve your loved ones of the emotional burden of making decisions at a time when they are vulnerable and least able to cope
  • you can relieve your executors of the financial burden of paying for your funeral and, by paying in advance, can control the costs of a service whose price has risen sharply in the last ten years
  • you can reduce the value of your estate for Inheritance Tax purposes and reduce your tax bill

treeNext steps

Contact us today on 07887 946 557 or online to discuss how Alex Truesdale Wills Limited can help you with a Will or associated service.