The death of a loved one can be an accident or can follow after a
lengthy illness, but no matter how it happens, those left behind are
rarely emotionally prepared. The same can be said about their finances.
When funeral expenses can exceed $10, 000, people are rarely prepared to
cover
the
cost of a funeral. The grieving process shouldn’t be exacerbated by
any undue stress or expense. That’s why you should enact a final needs
plan before you pass on.
A final needs plan will minimize the
stressyour family experiences after your death. The money that you set
aside for your plan can’t be taken away in taxes or used to cover the
bills at your nursing home. A final needs plan grows tax-free in an
account that’s untouchable until your death. As the years go by, with
each new contribution, you’ll have enough money to cover the cost of
your funeral. The plan will leave no expense uncovered, so you family
never has to worry about how they will collect the funds to pay for your
costly funeral.
Virtually every income level can be accommodated
when you set up a final needs plan, as you can start at contributions
as low as $5 a month. Final needs plans never require medical
examinations, so you’ll be accepted regardless of your health. This can
come as a great relief to those who suffer from life-long illnesses and
have dealt with stingy life insurance companies. In comparison, a final
needs plan is simple to start. It can be initiated at any time, taking
into consideration your preferences for your service and monument.
The
creation a final needs plan also ensures that an executor is assigned
to your case, responsible for filing all of the necessary documentation
of your death. Rather than leaving this task to a family member, who may
or may no
know
what needs to be done, an experienced professional will fill out and
submit the forms that the government and financial institutions require
upon your death.
To select the best final needs plan available,
see which company can offer the services and programs that meet your
needs. The best programs have your needs in mind and will offer you free
confidential advice, allotting you a personal account executive.
The
Elephas Group
will work side-by-side with you, creating a plan that works within your
budget and preferences. Their personal account executive assigned to
your profile will be available whenever you have questions regarding
your plan.
Your death need not be a financial burden to your
children or loved ones. With a final needs plan, you guarantee the funds
for your funeral are readily available, leaving your family to grieve
in peace.