Use Estate Planning to Ensure Your Family Isn’t Stuck Paying For Your Funeral
With the cost of a funeral averaging $7,000 and steadily increasing each year, every estate plan should include enough money to cover this final expense. Yet it isn’t enough to simply set aside money in your will.
Your family won’t be able to access money left in a will until your estate goes through probate, which can last months or even years. Since most funeral providers require full payment upfront, this means your family will likely have to cover your funeral costs out of pocket, unless you take proper action now.
If you want to avoid burdening your family with this hefty bill, you should use planning strategies that do not require probate...