1800Monuments.com Headstones Starting From  $3,000 Up
About Us   Contact Us   Blogs    
inquiry@1800Monuments.com Toll: 1-800-742-0496 
Garden Stones
 Categories
 Tips
Name Index
A B C D E F G
H I J K L M N
O P Q R S T U
V W X Y Z
Previous 1 2 3 4 5 6 7 8 9 ... 5059 Next   Page:
Stone Garden Spheres


Basics To Learn When Establishing A Fund For Funeral

Funerary costs are increasing at such a rate that a growing amount of people are struggling to afford even the most basic of services. When someone is unprepared for this expense, it comes as even more of a financial strain. To lower the stress often felt during this emotional event, one can establish a funeral fund.

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 can be a huge relief to the survivors who are left handling the details. They are able to deal with their grief without having to be concerned about financial issues. When setting up the account, it is important to deal only with a reputable trustee to ensure the funds are used properly.

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.

Trusts for final arrangements are available in two main styles. The revocable type permits the individual to withdraw funds or to make adjustments at their leisure. Irrevocable accounts will only release the money when it is being used to make payments toward the designated expenses.

To gain residency in many nursing homes, an individual must establish a funerary account with the facility. This is to ensure that when the client passes, their interment will be handled properly according to their wishes. A reliable trustee is an important part of using these accounts to their maximum benefit.


Previous 1 2 3 4 5 6 7 8 9 ... 5059 Next   Page:

Copyright © 2014 1800Monuments