How Do You Pre-pay For A Funeral?
Pre-funding funerals is a growing trend in America because of the peace of mind that comes from having one's affairs in order. Pre-planning a funeral is a smart move for many reasons. It allows an individual to make specific choices for his or her funeral - which can be changed later if so desired. It relieves survivors of making decisions about a funeral at a stressful time. What kind of a service did he or she want? Where will the burial take place? With pre-planning there is no guess work and no indecision. Pre-funding sets aside the funds for a funeral so the family will not have to deal with monetary issues at a time that is already very difficult and stressful.
You may select one of two ways to pre-pay for a funeral:
Pre-payment in Full
The first method is to make payment in full. This will provide you the assurance that sufficient funds are available to provide all of the services and merchandise you have selected at the time of need.
Pre-funding over time
We can open a Funeral Trust Account for you with any amount of $500.00 or more. Once an account is established you can add additional funds in any amount of $50.00 or more whenever you wish.
Your Funding Is Secure
You can pre-plan and prepay your funeral in New York State with complete safety and assurance that your funds will be there when they must be used. If you move out of state, your funds can be transferred to any other funeral home in the country. Your funds are deposited in a burial trust administered by the New York State Funeral Directors Association (www.NYSFDA.org). These Funeral Trust accounts are FDIC insured and earn interest which is credited to the account as a hedge against inflation.
Why Plan Ahead?
Planning in advance of need provides peace of mind. The death of a loved one is a time of great loss and advance planning can reduce stress for your family with the knowledge that your pre-plan has been completed. This allows your loved ones to devote more time to coping and understanding the loss and less time concerned with funeral arrangements and financial details.
Merchandise and Funeral Cost
As funeral directors we understand that your personal choices are of the utmost importance. Today, we offer many options, based on budget and personal preference, for a consumer to consider when pre-planning a funeral. We will meet with you and explain all of your options for both services and merchandise, and to review all of the financial details and choices prior to opening a Funeral Trust account. Under New York State law, there is no cost to you for our services to assist you with Pre-Planning or Pre-Funding your funeral service. Through pre-planning the cost of your funeral will be controlled, and a possible financial burden for your surviving family can be avoided.