• Should You Pre-pay for Your Funeral?

    You may already know that preplanning for your funeral is a good idea. When you preplan, you’re able to make final arrangements that are exactly as you’d want them and you save your family from having to answer difficult questions at an already stressful time.  

    If you’ve decided to put a plan in place, you might also want to know: Should you pre-pay as well? 

    According to the AARP, there are two million deaths in the United States annually, and funeral costs are growing at a higher rate than inflation. Financial experts advise having a plan for funeral and burial expenses so that your family and friends don’t have the stress of trying to make these arrangements when they’re coping with their grief over your loss. 

    An estimated 70 percent of Americans have no estate plan in place, but recently there has been an increase in the number of people preplanning and pre-paying for their funerals.  

    Says Richard T. Saunders, Jr., president of Saunders-Dwyer Home for Funerals in New Bedford and Mattapoisett: “Most people who do prepay are glad to spare their families from having to make all of the final decisions and from having to pay for the arrangements at the time of the death.” 

    Pre-paying through a funeral home is easy and convenient. You can shop around, visiting different funeral homes until you find one that offers the services you want and has a staff with whom you feel comfortable. If you preplan and pre-pay through the funeral home, it’s easy to create a funeral plan that represents your spirit and personality, and you’ll have the peace of mind that your plans are in good hands.  

    You can also choose to preplan through the funeral home but set up a trust as an alternative to pre-paying. This is called a Totten trust, and it pays out upon your death to a beneficiary of your choosing, whether that’s a family member, a friend or even the funeral home itself.  

    Whether or not you choose to pre-pay, preplanning is always a good idea. Mountain View Funeral Home, Memorial Park & Crematory has been serving this community since 1915, and we’re happy to help you plan for your final arrangements. Call us at (253) 948-9895 for more information, or request your free preplanning guide on our Plan Ahead webpage.