I often recommend pre-paid funerals for many of my clients. Pre-planning and paying can save money, it can save the family the stress of decisions at a hard time, and it can save a family member from having to pay for a funeral. However, there are some problems and issues with pre-paid funerals, and consumers need to understand the issues and the risks. The Wall Street Journal recently ran a scathing article on the industry. When Prepaid Funeral Plans Are Wealth Killers It appears there are dishonest sellers of certain plans that cost too much and don't make sense. But, just because there are bad people in the industry doesn't mean it's a bad idea all together. The key to planning ahead is knowing what you want, understanding what you are offered, and dealing with a reputable and known merchant. I don't know anything about the national companies mentioned in the WSJ article, but I do know that our local funeral directors are good members of the business community...
This blog is written by Elder Law Attorney, Edward H. Adamsky. You will find articles about Elder Law, Estate Planning, Special Needs, Disability, Alzheimer's Disease, Powers of Attorney, Health Care Directives, and other issues of important to families and elders.