Protect Your Loved Ones From Rising Funeral Costs……..
A common misconception is that your savings will be available for your family to utilise to pay for any funeral expenses however, this is not the case as the deceased’s estate will require a grant of probate before monies will be shared out amongst the beneficiaries/family and the national average for probate is around 6 months.
Funeral costs have increased by 80% since 2004 (Mintel 2013), so it is little wonder that many people now are considering ways to protect their loved ones from these rising costs.
Typically, the average funeral with a cremation will cost approximately £3,800 – a figure that is set to rise if this trend continues – and that’s before other expenses such as flowers, catering or commemorative items are added to the equation! (A burial will cost significantly more).
Testament Legacy Planning can assist you in choosing a funeral plan so that when the time comes, your loved ones will have no decisions or time consuming arrangements to make and no concerns regarding how, or who will fund it.
When it comes to funerals, planning ahead and paying in advance will mean that you can get the service you want and more importantly, your family are relieved of much of the stress and financial strain that bereavement can so often bring.
Creating a funeral plan and pre-paying in advance also means that you will take advantage of being charged today’s prices – as who knows with inflation what a funeral may cost in the future? Your chosen funeral Plan can be paid in full, over a 12 or 24 month period interest free, or in smaller monthly installments over 3, 5 or 10 years as each plan is tailored to suit the individual’s financial circumstances.