According to Sun Life’s latest research the average cost of dying is now £8,802. This represents a rise of more than 16 times the rate of inflation. The average cost of a funeral now stands at £3,897, up over 5% since the 2015 Cost of Dying survey.
So with the funeral making up almost half of the cost, how can you make sure that your family can afford to give you the send-off that you deserve?
One answer is to pay now. Pre-paid funeral plans are getting more and more popular. The Co-op reporting a growth of 25% in pre-paid funeral plan sales in 2015. A pre-paid plan will secure your funeral at today’s price, no matter when you die in the future. Meaning that you can avoid the ever increasing costs of your final journey. You can pay in a lump sum or in monthly instalments with some providers offering the opportunity to pay over 10 years.
Pre paid plans are suitable for a huge range of people. They are very popular amongst the elderly, but increasingly people in their 50’s and 60’s are seeing them as a viable option. The range of providers is growing as is the range of costs. But, if you need some advice or want to put a plan in place, give us a call at Will and Probate Services and we will point you in the right direction. Call us 01778 382723.
You can also visit our new site www.plan-my-funeral.co.uk where you can make a free funeral plan to give your own family peace of mind. Once you have made your plan you will be able to see a number of options that will enable you to pre pay for your own tailored funeral.
The rest of the costs fall into what some people have called the ‘Widows Admin’, dealing with the aftermath of the death. Some are direct costs, probate fees and statutory requirements. Some are optional, such as the costs of employing a solicitor to deal with the estate.
If you are unfortunate enough to suffer a bereavement and want to keep the Widows Admin costs down, call us at Will and Probate Services and we will advise you on your full range of options. Our number is 01778 382723 please feel free to call.