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RBC Financial Planning - Estate Planning

Your Estate Plan

 

Pre-Planning to save your family grief

No one likes to talk about his or her own funeral. Logically, we know it’s going to happen someday but emotionally, we just don’t accept it. The problem is, when you don’t plan for it now, you can create a difficult situation for those you leave behind.

The death of a loved one is one of life’s most stressful situations. In order to cope, people should be allowed to mourn and express their grief.

Unless there is a plan, loved ones are not able to do this. At a time when they should be mourning and comforting each other, they’ll be involved in making decisions about the details of the funeral.

They will have to search out all kinds of information and make dozens of decisions about the arrangements. For example, they’ll have to:

  • Gather data such as citizenship, date and place of birth, name of spouse, father’s name and birthplace, mother’s maiden name and birthplace, names of sisters, brothers, children, grandchildren, names of pallbearers, etc.

  • Decide on funeral home, cemetery, and dozens of details like place of service, time of service, type of flowers or in lieu of flowers, memorial donations, clothing, music, readings, eulogy, etc.,etc.

  • Collect Will, birth certificate, cemetery deed, social insurance number, citizenship papers and property deeds.

  • Arrange for payment of funeral services and merchandise, cemetery, clergy, flowers, outstanding bills, etc.

  • Providing notifications to doctors, cemetery or memorial park, friends, employers, insurance agents, financial planners, and newspapers, credit cards, banks, etc.

And there’s much more. To bear the responsibility for doing all this when you are grief-stricken over the death of a loved one is simply overwhelming.

Pre-arranging your funeral prevents this from happening. It removes the financial and emotional burden from loved ones during a difficult time and spares them the necessity of dealing with many painful details and decisions.

In short, pre-arranging your funeral is one of the most loving and caring things you can do for your family.

"Always go to other people’s funerals, otherwise they won’t come to yours."      Yogi Berra

Important information about our financial planning services can be found at the bottom of our homepage.

It's not as difficult as
you may think
5 Strategies for transferring assets
Avoid family squabbles after you're gone
Pre-Planning to save your family grief
It's wise to be prepared for incapacity
Insurance: A multi-
purpose estate tool
Important for farm
and business owners

 

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