What is Pre-planning, or Pre-arrangement?
When you plan in advance, you are making choices now based on your wishes as to how your final arrangements will be carried out. Thus, you can reduce family concerns at the time of your death. Be assured that all of our Pre-planning and Pre-Arranging staff are both fully licensed funeral directors and licensed insurance agents. There are no salespeople in our employ.
What do I need to do to pre-plan?
At your convenience, you can meet with a member of our licensed staff to discuss your options and your preferences. When you make arrangements in advance, you’ll want to consider your location of choice of our three locations, the type of services and merchandise, the committal service, and the type of permanent memorial. By making some or all of these decisions now, you give your family peace of mind, and also benefit financially.
What are the advantages of advanced planning?
There are many advantages when you take care of your final arrangements in advance. The most obvious benefit is financial, but there are a number of emotional benefits, too. When you make arrangements in advance you have a better opportunity to make informed choices. If you decide to prepay, you guarantee today's prices, and can take advantage of affordable payment insurance options. We can provide additional professional advice on pre-planning and prepaying.
What is the difference between pre-paying and pre-planning?
When you pre-plan, you do not need to pay for everything in advance—your next of kin can pay for the services at the rates being charged when your funeral is held. When your plan is complete, the funeral director will keep it on file until it is needed. However, if you pre-pay at the time you make your pre-arrangements, you can lock in today’s prices We’ll be happy to discuss these options with you and help you make a decision that best suits your needs.
Where does the money go that I pre-pay into a plan?
100% of the money you pre-pay will be used for the services and or merchandise you select. Once we receive pre-planing money from you, we will deposit all of it into a trust where it cannot be released to us until after the funeral you have chosen has been provided for you.
Types of Trusts:
A Revocable Trust is a trust that any amount of money may be deposited into. At anytime, you may ask for this money and the interest it has made. At the end of the year you will receive a 1099 statement on which you must pay taxes on the interest as it is considered income.
An Irrevocable Trust is most commonly purchased by someone who eventually might need care in excess of his or her assets. Once purchased, it can be used for burial purposes only. This trust can be started for any amount. It may be added to at any time. You will receive a 1099 at the end of the year showing total interest earned.
Utilizing Life Insurance as a means to pre-fund:
We offer insurance policies and annuities to pre-fund our services and merchandise. These policies offer either a full payment at the time of the Pre-arrangement or sometimes you may opt to spread the payments out over time. Once the basic level of the insurance is met, even if the policy is not paid in full, it may still fund the services and merchandise selected. Each policy and purchaser will vary and your funeral director will explain the differences to you.
What if the cost of the services/products I pre-pay is greatly increased at the time of my death?
Once you pre-pay for services and merchandise at our funeral home, the terms both parties agree to are permanently in effect. However, the interest earned by a fully funded account should offset any reasonable price increase.
What if your funeral home is no longer in business at the time of my death?
Your money is held in a certified Trust governed by Federal law, which means it will always be there for you, even if our business were to be purchased or go out of business. All of your funds can be refunded to you in full including the interest at any time.
What information will I need to provide on the On-line Pre-planning/Pre-arrangement Form?
This easy-to-use form should take only a few minutes to complete. You’ll have the option to select services, based on your preferences and the associated costs. View or complete the On-line Pre-arrangement Form now.