3 Important Steps To Take When Prepping For Your Death
Posted on: 12 December 2014
One of the worst things to experience is a death in the family. You may not want to think about it, but it's important to prepare for your death in advance, so that your family isn't greatly affected by it. You can do this when you take these steps.
Create a Last Will
You may want to designate what your family members get in terms assets and personal possessions after you pass on. This process can go smoothly when you create a last will. When doing so, it's important to name an executor. This is a person who oversees the distribution of your assets, whether it's money or physical items.
It's also a good idea to get help from a lawyer like one from Karp Law Offices. This professional will help you through the process, so everything is legitimate. All of the paperwork will be handled by your lawyer, making the process more manageable to deal with. Thanks to a last will, you can rest assured your loved ones are taken care of after you pass on.
Utilize Cremation Services
Funerals can be expensive. The average cost of a funeral today ranges from $7,000-$10,000. A more cost-effective option to go with is to be cremated. This is where your body is burned, leaving behind ashes that can go in an elegant urn.
Cremation services are more affordable than having a funeral, so you don't have to worry about burdening your family financially. Thanks to these services, you won't have to worry about a casket, a cemetery fee, a headstone cost, or a gravesite cost.
Your family can display the urn in their home, giving them the ability to feel like you are always with them.
Get a Whole-Life Insurance Policy
In today's society, every day is not a guarantee. To be prepared for adverse scenarios, such as your untimely death, you can get a whole-life insurance policy. These policies combine life coverage with an investment fund. After your death, the policy pays a fixed amount of money to your loved ones.
Part of your premium goes towards the cash value of your policy. A huge advantage to this type of policy is that the death benefits to your family are income-tax free. These policies can also be adjusted pretty easily. That way, you won't have a difficult time lowering the premium payments or decreasing the death benefit.
Experiencing a death in the family can be hard to deal with. In order to prepare for your death and help your family out, the steps above can be taken.
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