Any consideration of funeral planning will necessarily
involve cost factors and methods of payment.
Residents of Fort Wayne, Indiana, and other states, may control costs by
directing in advance specific burial choices.
For example, cremation is often a less expensive burial option. Likewise, forgoing, or minimizing the time allotted
to a wake or memorial service within a funeral home may reduce costs. You should consider documenting these choices
with the assistance of an estate planning attorney.
Financing a funeral can be accomplished in whole or in part through
a life insurance policy. You may
instruct your loved ones to utilize the proceeds of a life insurance policy
payable directly to the family.
Alternatively, some insurance companies offer plans specifically
designed to cover funeral expenses.
Another option for financing a funeral is to pay for the
costs before you die. In most cases, it
is possible to pay for caskets, urns, burial sites and monuments. In some cases, you may pay the funeral home
directly for these and other pre-arranged funeral expenses.
For those willing or desiring to donate their remains for
educational or research purposes, this is another option for reducing or
avoiding most funeral expenses. In most of
these cases, the medical school or university will return the remains and pay
for a memorial service and follow your burial instructions.
For most families, Social Security benefits include a
one-time lump sum payment at the time of death to aid with funeral
expenses. Although this benefit is not
large, the payment may help the family with minimal expenses, including cost of
flowers and gratuities.
Boeglin, Gerardot and Grubbs is available to speak with you about funeral
plans and arrangement options, as well as any other estate planning issues you
may have. Please contact us at