When planning a funeral don’t pre-pay

It is recommended to put your money in a trust

SOUTH HADLEY, Mass. (WWLP) – Sandy Ward, the President of the Consumers Alliance of Western Massachusetts told 22News they advocate pre-planning but not pre-paying.

She said pre-paying may make sense if you have a sick relative and don’t want to deal with the financial stress, but it’s important to ask questions. Questions like what happens if you change your mind and where your money will be kept.

Ward recommends putting your money in a trust and not cutting a direct check to the funeral home. Ward told 22News some of the potential pitfalls of pre-paying.

“I don’t know when I am going to die. It might be 10 or 20 years from now. I don’t know if the company with which I am prepaying will be in business or if I’ll be in this state or if it will be convenient or if it will match what I then want as opposed to know, so there are a lot of reasons,” said Ward.

Ward added that if you do want to pre-pay for your funeral, make sure you tell other members of your family about your decision.

A Ludlow woman claims she doesn’t know what happened to thousands of dollars she paid to Ryder Funeral Home in South Hadley. 22News tried to contact William Ryder’s Attorney, but we have yet to hear back.

For more information about pre-planning for a funeral, Click Here.

blog comments powered by Disqus