hr

Funerals

Frequently Asked Questions About Preplanning

 

Why should I preplan?
Can I pay for my arrangements now, or does it have to be done after the funeral takes place?
Are there any financial benefits to prefunding my arrangements?
Do you offer any tools to help me preplan my arrangements?
Is Simplicity Plan a will?
How will my family know where to find my plan?
What if I move after I preplan or prefund my arrangements?

 

Why should I preplan?
We plan for vacations, weddings and retirement. Preplanning funeral and cemetery arrangements is no different.

Making funeral arrangements ahead of time helps to take the doubt and confusion away from all of those who will be tasked to make difficult decisions on your behalf. It also allows you to make sure that your final wishes are known; and when you take time to plan calmly and with ample information in hand, you can help to alleviate emotional overspending.

In many ways, preplanning is one of the greatest gifts you can give to your loved ones because it offers them peace of mind. They will know exactly what your final wishes were and will feel relieved that they don’t have to guess what you would have wanted.

 

Can I pay for my arrangements now, or does it have to be done after the funeral takes place?
You have the option to pay the costs ahead of time. You can prepay your arrangements to help avoid the possibility of inflation while making informed choices that fit within your budget. You also have the added assurance that there will be less confusion over financial responsibility during your family’s time of need.

 

Are there any financial benefits to prefunding my arrangements?

  • Estate tax reduction: Advance planning may reduce your heirs’ future estate tax burden.
  • Medicaid/SSI spend-down exemption: Prepaid funeral and cemetery costs are often exempt from the spend-down process to qualify for Medicaid or state assistance.
  • Cost-saving plans: Prefund your arrangements now at today’s prices.
  • Help towards eliminating future costs: Preplanning may remove the threat of unexpected financial costs for your family when they are the least prepared.
  • Secure cemetery property: Prefunding ensures that you get exactly the cemetery property you want because it is a deeded purchase.

 

What if I move after I preplan or prefund my arrangements?
The Simplicity Plan has a nationwide network of firms. Your prearranged services can be easily transferred to one of these providers should you move or wish to relocate your funeral or cemetery services to another area.