Empowerment: the process of becoming stronger and more confident, especially in controlling one’s life and claiming one’s rights.
I love this word. It feels powerful, liberating, and productive. When we take control of our lives whether it be in regard to our finances, our health, our relationships, or our careers, we feel a sense of control, and this gives us a sense of security. Our lives are uncertain, and our circumstances can turn on a dime. We really only have control over ourselves and our own actions. That’s why making important life decisions, such as preplanning your estate, feels so empowering.
What Is It Like To Pre-plan Your Own Funeral?
Here’s why pre-planning is empowering:
1. It Saves Money
According to The National Funeral Directors Association (NFDA), funeral costs have been rising steadily since the 1980’s. Today, the average cost of a funeral ranges between $2,000 – $10,000. This is only for the viewing, burial, and vault. A family will incur extra costs for the cemetery, monument, flowers, and other extraneous expenses. Preplanning requires researching costs and empowers the consumer to make informed decisions. When families plan a funeral directly after a death, they skip this important step and often overspend. You can put money aside for a funeral, prepay a funeral home for expenses or opt for a final expense insurance policy. This type of policy will pay a death benefit to be used for covering end-of-life costs such as a funeral.
2. You Make the Decisions
You decide how much money you will spend, how you’d like your end-of-life celebrated, and whether or not you would like to be buried, cremated, or have your body donated. The reason most people fail to preplan a funeral is because of fear. The idea of our own death is emotional, and it can be easier to ignore our mortality versus face it. Unconsciously, we may even believe that planning our own funeral is a bad omen.
It’s time for a healthier perspective on death.
Death is a natural part of life and something we will all experience. We save for retirement; let’s save for death and relieve our families of an unnecessary burden.
Suggested Read: 20 Celebration of Life Ideas
3. It’s Your Last Gift
Not only do you relieve your family of a monetary burden, but you relieve them from future conflict. There will be no arguing over cremation versus burial, the minor details that need to be ironed out, or the costs. You decide who will receive which possessions, and you can clearly explain why which will alleviate any bitterness.
There are so many families who no longer communicate with one another over the estate of a loved one. Talking about your estate before you die is an act of love. It lets everyone know your final wishes, so there are no hurt feelings. It also allows you to amend your plans if necessary. You may find out it is your son who really wants the family heirloom, not your daughter.
Empower yourself and your family–don’t be afraid to discuss end-of-life matters.
“Someone is sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffett
Suggested Read: Encourage Family Unity By Pre-Planning Your Estate