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Comstock Funeral Home Unionville Missouri


Basics To Learn When Considering A Funeral Fund

The average cost of funerary arrangements is growing so high that an increasing number of people are finding it difficult to afford this important event. The financial burden is amplified when the demand comes unexpectedly. Establishing a funeral fund can help ease the stress of making arrangements during an emotional time.

The purpose of this type of account is to allow a person to amass the money for the occasion over a period of time prior to having a need for it. When paid directly to a funerary establishment for plans that are being arranged in advance, it is referred to as a trust. Taking this route has several advantages aside from alleviating most, if not all, of the financial strain.

This account comes as a major relief to one's survivors. The loss of someone close can be very stressful even before one has to concern themselves with how they are going to pay for interment services. Having the funds in order and a reliable trustee assigned ensures that everything is handled without adding a burden to the bereaved.

Another benefit is that it allows an individual to hand pick a lot of the details for their own final arrangements. Dealing directly with a reputable funerary establishment, one is able to make selections on items like flowers, services and burial or cremation details. Installments are made on the items until virtually all the needs have been paid for.

There are basically two different types of death benefit trusts. When it is labeled as revocable, this means the owner of the account can change their mind or withdraw the funds at any time. Having an irrevocable arrangement basically means that the only way to take money out is to pay it towards the intended expenses.

Many nursing homes now require that an individual have an established burial trust in place before they can be accepted into residency. This is actually a way to ensure the facility has the means to honor the client's interment wishes. Though these accounts can be very useful, making sure the trustee is reputable.


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