It is wise to start preparing your funeral as soon as possible, so you can safeguard your loved ones’ inheritance. Prestige Tax and Trust Services explains how to plan your funeral in advance.
Writing your will
When planning for your funeral, it is key that you learn how to make a will. In this document, you can state your wishes over how your estate should be divided among your loved ones and for your funeral. It is important to note that any funeral wishes expressed in your will are not legally binding and it will ultimately fall to the executor of your estate to plan your funeral.
Choosing your executor
Therefore, it is vital that you think carefully when choosing your executor although normally, they will carry out your funeral wishes as standard. When selecting your executor, prioritise characteristics such as honesty, so this role goes to someone you can trust to carry out your funeral plans.
Your executor will have to register your death before arranging your funeral. Whoever you pick, ensure they can handle the legal responsibilities executorship, so your funeral can take place as soon as possible. You will also need to plan the specifics of your funeral and include these details in your will, so your chosen executor knows exactly what they are required to do for your funeral.
When arranging your funeral, there are a number of factors you will need to take into consideration. Ask yourself the following questions, to ensure you communicate your funeral wishes in your will.
- Where should your funeral take place?
- Do you want to be buried or cremated? Where should this take place?
- If you wish to be buried, what kind of coffin do you want?
- If you wish to be cremated, where should your ashes be scattered?
- Do you want a religious or a non-religious service?
- What should be included e.g. music, poems, reading etc. in the service?
- What would you like your body to be dressed in for your funeral?
- Do you want flowers? Which flowers would you like?
- Which funeral director should handle the event?
- Who should be on the guest list for your funeral?
- How will you pay for your funeral?
With this last question, there is a lot to consider, from funeral director fees and service/wake expenses to burial/cremation costs. If possible, place the money needed aside ahead of time. You could also invest in a pre-paid funeral, which allows you to avoid inflation by paying at today’s prices. Otherwise, your estate will be used to meet your funeral costs, so your loved ones will inherit less.
Prestige Tax and Trust Services
Therefore, with so much to consider, it is vital that you write a carefully-worded will, so your executor knows exactly how to plan your funeral. Prestige Tax and Trust Services has the experience and legal acumen you need to handle will-related matters, allowing you prepare for your death effectively.