Funeral plan advice
Discussion
Not sure if this is correct forum, but I'm after some advice on funeral plans, it's for my father (80's). His partner left him in May to go back to her family for support while she has treatment for cancer, she's no longer having it and its terminal, palliative care in place etc, no intention to return to their home. It's basically got my dad thinking about who's going to deal/cover the costs of his funeral, which hopefully is some years away. Has anyone had to look at this that can give me some guidance?
It depends if there going to be enough money in his estate to pay for a funeral, wake, etc.
This would (preferably I imagine) need to be cash rather than have to wait to sell house, assets, etc. to pay the undertakers (who will usually also pay the wake costs). The funeral costs can be paid out of the deceased's bank account without needing to wait for probate when the remaining funds are cleared and available.
The alternative is a funeral plan which may cost more or be limited in comparison to what you may want to do (choice of undertaker, etc.), but I cancelled my mothers as I believe she was persuaded into it when she clearly had the savings to (allow me to) pay for it at the time.
This would (preferably I imagine) need to be cash rather than have to wait to sell house, assets, etc. to pay the undertakers (who will usually also pay the wake costs). The funeral costs can be paid out of the deceased's bank account without needing to wait for probate when the remaining funds are cleared and available.
The alternative is a funeral plan which may cost more or be limited in comparison to what you may want to do (choice of undertaker, etc.), but I cancelled my mothers as I believe she was persuaded into it when she clearly had the savings to (allow me to) pay for it at the time.
Dashnine said:
It depends if there going to be enough money in his estate to pay for a funeral, wake, etc.
This would (preferably I imagine) need to be cash rather than have to wait to sell house, assets, etc. to pay the undertakers (who will usually also pay the wake costs). The funeral costs can be paid out of the deceased's bank account without needing to wait for probate when the remaining funds are cleared and available.
The alternative is a funeral plan which may cost more or be limited in comparison to what you may want to do (choice of undertaker, etc.), but I cancelled my mothers as I believe she was persuaded into it when she clearly had the savings to (allow me to) pay for it at the time.
I think he will have enough funds in bank, I have power of attorney and I make sure he's got plenty in account to cover most expenses, he's probably got more than me at the moment This would (preferably I imagine) need to be cash rather than have to wait to sell house, assets, etc. to pay the undertakers (who will usually also pay the wake costs). The funeral costs can be paid out of the deceased's bank account without needing to wait for probate when the remaining funds are cleared and available.
The alternative is a funeral plan which may cost more or be limited in comparison to what you may want to do (choice of undertaker, etc.), but I cancelled my mothers as I believe she was persuaded into it when she clearly had the savings to (allow me to) pay for it at the time.
I want to put him at ease really, I could pay upfront for him, that way he's got what he wants
Fozziebear said:
Dashnine said:
It depends if there going to be enough money in his estate to pay for a funeral, wake, etc.
This would (preferably I imagine) need to be cash rather than have to wait to sell house, assets, etc. to pay the undertakers (who will usually also pay the wake costs). The funeral costs can be paid out of the deceased's bank account without needing to wait for probate when the remaining funds are cleared and available.
The alternative is a funeral plan which may cost more or be limited in comparison to what you may want to do (choice of undertaker, etc.), but I cancelled my mothers as I believe she was persuaded into it when she clearly had the savings to (allow me to) pay for it at the time.
I think he will have enough funds in bank, I have power of attorney and I make sure he's got plenty in account to cover most expenses, he's probably got more than me at the moment This would (preferably I imagine) need to be cash rather than have to wait to sell house, assets, etc. to pay the undertakers (who will usually also pay the wake costs). The funeral costs can be paid out of the deceased's bank account without needing to wait for probate when the remaining funds are cleared and available.
The alternative is a funeral plan which may cost more or be limited in comparison to what you may want to do (choice of undertaker, etc.), but I cancelled my mothers as I believe she was persuaded into it when she clearly had the savings to (allow me to) pay for it at the time.
I want to put him at ease really, I could pay upfront for him, that way he's got what he wants
ETA plan was with the Coop, not some shysters I saw on Quest +1 or whatever.
Edited by Halmyre on Monday 12th December 18:16
My Mom had a funeral plan set up for when she died and it came in so so handy. As she died quite suddenly it was a godsend to have it in place because having £4/5/6k to pay for it would of been really difficult. She did has life insurance too which wasn't a great amount in the PH world but if it wasn't for the funeral plan then a chunk of that would of been gone to pay for the funeral after the fact.
The funeral director was really good dealing with it too.
ETA you can also pay for many many upgrades so don't think you would be limited to what you can or can't have at his funeral. Depending on the plan its just the basics that are covered.
The funeral director was really good dealing with it too.
ETA you can also pay for many many upgrades so don't think you would be limited to what you can or can't have at his funeral. Depending on the plan its just the basics that are covered.
Edited by Brummiebeau on Monday 12th December 16:06
Brummiebeau said:
My Mom had a funeral plan set up for when she died and it came in so so handy. As she died quite suddenly it was a godsend to have it in place because having £4/5/6k to pay for it would of been really difficult. She did has life insurance too which wasn't a great amount in the PH world but if it wasn't for the funeral plan then a chunk of that would of been gone to pay for the funeral after the fact.
The funeral director was really good dealing with it too.
ETA you can also pay for many many upgrades so don't think you would be limited to what you can or can't have at his funeral. Depending on the plan its just the basics that are covered.
Cheers, im sitting down with him at the weekend to go through it all, also checking Wills to make sure its all covered The funeral director was really good dealing with it too.
ETA you can also pay for many many upgrades so don't think you would be limited to what you can or can't have at his funeral. Depending on the plan its just the basics that are covered.
Edited by Brummiebeau on Monday 12th December 16:06
Funeral plans benefit the company selling them.
Funerals don't have to be expensive or complicated, I've dealt with both my parents and my father in law in the last few years, and it's easy to just contact a funeral director and let them deal with all the logistics, then cut your cloth based on your finances.
I'd never give those blood sucking vampire companies, selling plans, a single penny
Funerals don't have to be expensive or complicated, I've dealt with both my parents and my father in law in the last few years, and it's easy to just contact a funeral director and let them deal with all the logistics, then cut your cloth based on your finances.
I'd never give those blood sucking vampire companies, selling plans, a single penny
My parents took out a policy with Legal and General when in their mid 70’s. £25 per month each, pays on death (think upper limit of 80 though). . There are two types - one which pays for the funeral and another which pays a lump sum instead. My father died recently (suddenly) and it paid out with no hassle whatsoever. Think the figure was £3.7k or so. He was “in profit” having only paid in a couple of £k in premiums, so suspect he’s smiling at that one.
I believe if you take a savings or loan from a credit union they sign you up for a life policy for free
I believe if you take a savings or loan from a credit union they sign you up for a life policy for free
I have a plan through British Seniors insurance it is linked to a pre paid service with Golden Charter with my preferred funeral directors ,a local independent that has done many family services
We had a pre paid funeral with the same company for my dad . It's paid for upfront and future proofed against inflation. Many haven't realised that our funeral industry has been hijacked by American corporate companies and they have massively increased the costs.
There is a benefit amount available from the government, I believe it is about £2k for those who qualify via national insurance contribution. It provides for a basic funeral.
Pre planned should give me the send off that I want .
We had a pre paid funeral with the same company for my dad . It's paid for upfront and future proofed against inflation. Many haven't realised that our funeral industry has been hijacked by American corporate companies and they have massively increased the costs.
There is a benefit amount available from the government, I believe it is about £2k for those who qualify via national insurance contribution. It provides for a basic funeral.
Pre planned should give me the send off that I want .
It s a gamble as to whether there is a cost saving - the sooner you die after paying for a funeral plan the worse the deal basically.
But there is one big advantage imho. Once the plan is set up with accompanying details of the actual funeral, order of service, etc etc, changing those after death is pretty difficult. So much less chance of arguments within family about the arrangements ("dad loved that hymn". No he didn't he hated that one, he loved this one". " I want to read this at the funeral". "Seriously? That's not appropriate". And on and on. )
But there is one big advantage imho. Once the plan is set up with accompanying details of the actual funeral, order of service, etc etc, changing those after death is pretty difficult. So much less chance of arguments within family about the arrangements ("dad loved that hymn". No he didn't he hated that one, he loved this one". " I want to read this at the funeral". "Seriously? That's not appropriate". And on and on. )
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