Many people plan for life events such as weddings and vacations well in advance, but many people do not plan for something that is certain to happen, their funeral. While most people do not want to think about their own morality, the time to pre-plan your funeral is now. The primary advantages of pre-arranging your funeral is to relieve the burden on your loved ones in an already emotional time, and to ensure your funeral is carried out according to your wishes, eliminating the task of second-guessing what you would have wanted. Taking the time now to arrange your funeral is one less thing your loved ones will need to worry about once you’ve passed. Pre-planning and pre-paying your funeral is one of the most thoughtful gifts you can give to your family.
Selover Funeral Home participates in "Choices", the New Jersey Prepaid Funeral Trust Fund administered by the New Jersey State Funeral Directors Association. Choices offers two FDIC insured vehicles for your prepayment funds - a Revocable Trust (which allows a full refund on demand) and an Irrevocable Trust (which would be used for someone on or going on SSI/Medicaid). Both types of accounts earn interest at above market rates that help your funds keep up with normal inflationary increases.
Pre-paying your funeral reduces stress and financial burden on your loved ones after your passing. By pre-paying your funeral you eliminate your family second guessing on if they have spent too much or too little on your funeral. Pre-payment also helps to protect you and your family from inflation. Depending on your situation, if your funeral costs less than the amount you have put aside, those funds will be refunded back to your beneficiaries. Each year thousands of people decide to pre-plan and pre-pay their funeral, these plans are designed to be flexible and can accommodate the many changes that often occur in people’s lives.
What you can do in advance…
- Decide on Burial or Cremation and your casket or urn type.
- Pick what type of service you want (religious, military, non-traditional)
- Choose which funeral home to use.
- Pick any music or readings you want at your service.
Benefits of Pre-Planning
- Between 70 and 75 decisions are made within the first 24-48 hours of death. It’s difficult to think rationally while making so many decisions within days of losing someone, pre-planning gives yourself, family and friends peace of mind. Pre-planning gives your loved ones direction of your wants and desires.
- It’s easy. Anyone can do it, and you can change your mind at any time.