Funerals / End Of Life Planning / Review Ways to Pay Service Providers
Review Ways to Pay Service Providers
A Funeral and its products, services and events can be costly, no matter one's financial situation.
According to the National Funeral Directors Association, the median cost for a Funeral with Viewing and Burial in 2019 was $7,640.
Therefore, before purchasing anything, review alternative ways to pay a Funeral Home for their products and services.
Assign Life Insurance Policy to Funeral Home
Funeral Home Submits Claim to Estate
See links below for more information about settling an Estate and recouping Funeral costs.
According to the National Funeral Directors Association, the median cost for a Funeral with Viewing and Burial in 2019 was $7,640.
Therefore, before purchasing anything, review alternative ways to pay a Funeral Home for their products and services.
Assign Life Insurance Policy to Funeral Home
- Some states may allow the Executor to change Life Insurance payments originally slated for the Estate to go directly to Funeral Home
- Be careful not to sign more than is needed for the total sum of all products and services so as to not overpay
- Review state law at the links below before, or consult a Probate Attorney, before speaking with a Funeral Director for more information
Funeral Home Submits Claim to Estate
- Although uncommon, Funeral Homes may file a claim against the Estate rather than to a individual
- Because Funeral cost claims are a priority, and Probate Court and state law typically pays them first, Funeral Directors may be willing to collect payment from the Estate at later date
See links below for more information about settling an Estate and recouping Funeral costs.