Although pre-planning your funeral is extremely helpful to your family, you can remove
financial stress from your loved ones by pre-paying. Pre-paying allows you to lock
in your chosen funeral or cremation services at today’s prices. This will prevent
your family from paying higher funeral costs due to inflation.
When you pre-plan and pre-pay with San Diego Funeral Service, you will be certain
that your arrangements will cost no more than they would cost today—whether your
time comes a year from now or 30 years from now.
Prepaying also offers the following benefits:
· Ensures money will be available for your funeral service when the time comes
· Offers you peace of mind that your funeral arrangements will be taken care of even
if you have no surviving family members to pay your final expenses
· Helps your family to avoid ever-increasing funeral costs
· Locks in funeral expenses at today’s prices
With the cost of funerals increasing every year, you can save your loved ones a great
deal of financial stress by paying now. At San Diego Funeral Service, we offer a
variety of pre-payment options. We will work with you to design a plan that fits
your unique situation and budget.
Offer your family financial freedom by pre-paying for your funeral.
Call San Diego Funeral Service at 619 280 0101 to learn more about our pre-payment
Pre-paying for a funeral may seem like a daunting, complex process, but we at San
Diego Funeral Service can help you sort through the confusion. Here are the answers
to some frequently asked questions that may help you better understand the prearrangement
and pre-payment process.
How can I pre-pay for my funeral?
There are several ways to pre-pay for a funeral, including the following:
· A bank trust can be established by licensed funeral director.
· A life-insurance policy that is equal to the value of the funeral can be purchased.
· A savings or certificate of deposit account that is specifically for funeral expenses
can be established. This type of account can is designated as “payable on death”
(POD) to the funeral home.
Which of these pre-payment methods is the most secure?
Each of these pre-payment methods offers different advantages. To decide which option
is ideal for you, you may want to ask your funeral director the following questions:
· Is this pre-payment plan ever refundable?
· Who receives the interest on the account?
· Who will have to pay taxes on the interest?
· Can this pre-payment plan be transferred to another funeral home?
· What happens if your funeral home goes out of business or is sold?
What is the difference between a “revocable” and “irrevocable” trust?
A revocable trust is a trust that you can deposit any amount of money into. You may
withdraw this money and the interest it has earned at any time. At the end of the
year, you will receive a 1099 statement on which you must pay taxes on the interest
as it is considered income.
An irrevocable trust can be used for burial purposes only. This trust can be established
for any amount, and you can add to it at any time. You will receive a 1099 at the
end of the year showing total interest earned.
What happens to the interest that my pre-payment fund earns?
The interest is retained by the funeral home/cemetery to offset the rising costs
of specified goods and services over time. That’s the value of prearranging and prefunding
at today’s costs. You’ll pay today’s prices when the time comes—whether it’s one
or 20 years from now.
What does it mean when you say a casket is a certain gauge?
The thickness of the steel used to manufacture a casket is described as the “gauge.”
The higher the gauge number, the thinner the metal. For example, 20 gauge steel is
thinner than 18 gauge steel.
If I pre-pay, will my family face any additional charges at the time of my funeral?
If you have prepaid for your funeral in full, your family would only face extra charges
if they request additional services or merchandise not previously agreed upon in
your prearrangement. The only other changes would be if there are any increases in
the outside charges, which are out of our control, such as additional death certificates,
posting of obituaries, cremation, cemetery, etc.