Do you have a plan for your funeral? It may be a gloomy thought, but a lacking of planning ahead for the inevitable has apparently left loved ones facing a pretty hefty bill this month.
In fact, according to SunLife, half of us don’t leave enough to cover funeral costs, and in some cases leave nothing at all.
Unfortunately, the death rate in January is significantly higher than the rest of the year. So along with having to deal with Christmas expenses, some people also have to find an average of £1,900 to give their loved ones the send-off they deserve, adding up to around £89m across the UK.
So what can you do to make sure you don’t leave this unpleasant surprise for your family?
Talk about your funeral
Along with how much we earn, death is not something we like to talk about. But it’s really important for several reasons.
Firstly, your family need to know what arrangements you have made. In 2016, a report by the Funeral Planning Authority found hundreds of families were desperately trying to trace pre-paid funerals.
Secondly, this means you get the send-off you want and can relieve some of the pressure on relatives.
Plan for your funeral
It might sound a bit morbid, but more and more people are planning their own funeral and are even taking advantage of technology to do it.
Last year, Co-op Funeralcare saw a 60% increase in online funeral planning.
If you plan as much of your own funeral as possible, it’s one less thing for your family and friends to worry about.
Pay for your funeral
Nobody would want to see their loved ones out of pocket after their death and there’s a range of options available to you.
Funeral planning services allow you to pay for everything upfront, so there is nothing to be covered later on.
Funeral insurance is another option, but can come with a number of terms and conditions, which you will need to research.