When planning end of life, you should consider the practical and pragmatic things that could help ease the burden on your loved ones during the latter stages of your life. This might include ensuring your affairs are in order, writing a Will, planning your own funeral, or specifying any end of life care you may require.
One of the first things you should consider when planning end of life is to invest in a prepaid funeral plan. A funeral plan is a secure way of financing your funeral and allows you to fix funeral director’s services and many other expenses at today’s prices, protecting you against future inflation. Arranging and financing your funeral in advance with a funeral plan will give you, and your family, peace of mind that everything has been taken care of.
When planning end of life, you should also consider writing a Will. This legal document allows you to specify how your estate should be shared amongst your loved ones, removing any ambiguity over such matters; it also gives you peace of mind that your wishes will be followed.
Planning end of life may also include LPAs, appointing a Power of Attorney; this should be somebody you know and trust as they will be responsible for what happens to you should your health fail. Power of Attorney also protects your assets should you become unable to make decisions regarding your care and financial affairs.
It’s never too early to start planning end of life. Making decisions regarding your care should your health fail, what form your funeral might take, and what should happen to your estate will remove some of the emotional – and financial burden – from your family’s shoulders. Eliminating such pressure could be one of the last and greatest gifts you give your family.
To see how a Capital Life funeral plan can help with planning end of life such as Inheritance Planning and Probate, contact us now or call 0800 411 8683 and one of our friendly advisors will be happy to guide you through the options available.