Most people want to leave a legacy and fond memories rather than a financial and logistical disaster. However, without adequate planning, things do not always go as planned. Final expense planning can protect your loved ones from the costs and disputes that can arise when someone passes away. This is something that cremation services in Deer Park, OH can assist you with.
Medical Bills Can Deplete an Estate's Assets
When people die, many of them leave behind medical bills. Even with health insurance, hospital stays may have copays and deductibles, not to mention out-of-network costs. All of these costs can easily total tens of thousands of dollars. Although heirs are not directly liable for this debt, the person's estate may be required to pay. After medical bills are deducted, the heirs may have little left of debt.
Funeral Services Are Expensive
Many people are unaware of how costly funerals are until they have to pay for one. You will have to pay for the casket, grave liner, headstone, and grave site. There are also fees for the various services provided, such as the funeral director's services, embalming, and grave digging.
This can be a major financial blow for families who have not set aside funds. Worse, many people are dealing with unexpected travel expenses, missed work, and other costs associated with death.
Funeral Planning Is Exhausting
Funeral planning necessitates numerous decisions. The person in charge of these decisions is likely to be grieving, as well as responsible for notifying friends and family members and dealing with all of the logistical issues associated with funeral planning. It's a stressful situation, made worse if you're not sure what your loved one would have wanted or if you're making the right decisions.
Disputes Can Turn Sour
Even when everyone is on the same page, funeral planning can be stressful. Disagreements over key decisions can lead to conflict.
For example, one person may believe that purchasing an expensive casket is a waste of money, whereas another may believe that purchasing a less expensive casket is a sign of disrespect. One person may prefer burial, whereas another may strongly prefer cremation. There may also be disagreements about the type of services to provide. Is it appropriate to hold a solemn funeral or a joyful celebration of life?
The Solution Is Final Expense Planning
Funeral planning does not have to financially or emotionally burden your loved ones. You can avoid second-guessing and arguments by planning ahead of time and making arrangements for the costs.
Some people may have set aside money for final expenses. Another option is to purchase an insurance policy that will cover these expenses.
Because not all policies work the same way, you should look into your options and find one that works for you. In some cases, the funeral home may be the beneficiary. In other cases, the loved one may be in charge of the final arrangements. Some policies will even pay your medical bills. Because benefit amounts are usually modest, coverage is usually affordable, especially if you lock in rates while you're still young and healthy.
Many people avoid considering final arrangements, but these are decisions that must be made as soon as possible. Your family will most likely be relieved to learn that they can carry out your wishes without fear of financial consequences. Do you require assistance with your final expense planning options? Contact the cremation services in Deer Park, OH to learn more about final expense planning. You are also welcome to come and see us right now.