RangerJ
Senior Member
Let me hear your thoughts about prepaying for a funeral. Pros and cons if any.Thinking about prepaying for my Mother but wanted opinions first,Thanks
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Prepay for Funeral?
- Thread starter RangerJ
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contender*
Senior Member
Just some light reading;
http://clarkhoward.com/liveweb/shownotes/2010/07/07/18793/
http://clarkhoward.com/liveweb/shownotes/2008/01/11/13103/
I'm not so sure the pre-pay thing should be the main focus. Having the details worked out and the plot located however makes it a LOT easier on the family. You don't necessarily have to pre-pay to get this done.
http://clarkhoward.com/liveweb/shownotes/2010/07/07/18793/
http://clarkhoward.com/liveweb/shownotes/2008/01/11/13103/
I'm not so sure the pre-pay thing should be the main focus. Having the details worked out and the plot located however makes it a LOT easier on the family. You don't necessarily have to pre-pay to get this done.
RangerJ
Senior Member
Thanks for your reply and the info. I have her plot and details worked out as she wants. She is persistent that I prepay because her brother did,So I am seeking info. Thanks again
contender*
Senior Member
My MIL and FIL pre-payed. It was good to have the financial part taken care of. My mother however refuses to do this, she says that there is too much chance of corruption within the pre-pay funeral business as the articles above also state. I'm on the fence about the whole deal myself. I can't imagine anyone taking advantage of folks in a time like this, but there are all kinds out there...
I say if you know the funeral director personally and trust him/her then go for it. If not I would be more inclined to set aside the money in a separate account and let it draw interest. You could always talk to a few folks to find out the "going rate". Other than that I hate to tell you to do or not to do, because it's just hard to know what will happen.
I say if you know the funeral director personally and trust him/her then go for it. If not I would be more inclined to set aside the money in a separate account and let it draw interest. You could always talk to a few folks to find out the "going rate". Other than that I hate to tell you to do or not to do, because it's just hard to know what will happen.
Redneck1919
Senior Member
Prepay for funeral?
We prepaid for my mother-in-law and my uncle prepaid his. There were still quite a bit of expense left to pay at the funeral (extras) that were not covered. I am in agreement with Clark Howard on this. I have heard him talking about it on the radio before. Think it is a bad idea.
We prepaid for my mother-in-law and my uncle prepaid his. There were still quite a bit of expense left to pay at the funeral (extras) that were not covered. I am in agreement with Clark Howard on this. I have heard him talking about it on the radio before. Think it is a bad idea.
kgo
Senior Member
Trust me I know what Im saying BE CAREFUL dont think for a second that some folks in the funeral business wont take you just like anyone will do. They will with a smile on there face and a pat on your back.
Bnathanb1982
Senior Member
Cost
I had a friend of mine's husband die in a wreck about a month ago. He did not have any life insurance and it cost 4500.00 to use the funeral home, have a viewing, and get him creamated. Luckily he had a lot of friends that were able to raise the money to cover it. I dont know if prepaying is the best bet with the way places are closing down but having enough life insurance or money put away in a account like someone else said is definatley worth it. Nobody wants to have to "finance" a funeral.
I had a friend of mine's husband die in a wreck about a month ago. He did not have any life insurance and it cost 4500.00 to use the funeral home, have a viewing, and get him creamated. Luckily he had a lot of friends that were able to raise the money to cover it. I dont know if prepaying is the best bet with the way places are closing down but having enough life insurance or money put away in a account like someone else said is definatley worth it. Nobody wants to have to "finance" a funeral.
quigleysharps4570
Senior Member
After Dad died in 1983 my Mom bought a plot next to him...will be one less worry when she goes.
GONoob
Senior Member
Man, never thought of this one. Prepaying seems great to make sure your buried next to your loved one. But I hear a lot of horror stories on prepaying.
Dead Eye Eddy
Banned
My grandmother prepaid. We actually got a little bit of money back after the funeral. We had no problems with it, but it was also a funeral director that our family has used many times over the last 20 years and trusted completely.
Twenty five ought six
Banned
My father pre-paid for two of his siblings (my aged aunts who were widows), and there weren't any real problems. I would recommend it. Only potential problem is that one funeral home wanted to sell a lot of add ons when service was required-- sort of like buying a new car-- but we just told them to do whatever was in the contract.
Oddly, he did not pre-pay for his own funeral, but he did buy and pay for 6 plots together in a cemetery.
I think as long as you deal with a long time local funeral home, you are in pretty good shape. I for sure wouldn't buy anything off line or out of town.
I haven't heard any real horror stories.
Oddly, he did not pre-pay for his own funeral, but he did buy and pay for 6 plots together in a cemetery.
I think as long as you deal with a long time local funeral home, you are in pretty good shape. I for sure wouldn't buy anything off line or out of town.
I haven't heard any real horror stories.
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