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Legal, pensions and money

Planning our own funeral

(54 Posts)
dustyangel Sat 25-Jan-14 16:33:55

My in laws used an international scheme when they emigrated many years ago. When his wife died my brother in law found it made everything so much easier and he didn't have to pay out a much larger sum than the original from his pension.

dustyangel Sat 25-Jan-14 12:43:37

Interesting Kiora, DH and I have been thinking about a funeral plan for similar reasons to you but would need an international one and there don't seem to be any that we can find.

sunseeker Sat 25-Jan-14 12:41:49

I wouldn't pay into a funeral plan but you could open a savings account just for your funeral. Some of the banks have regular savings accounts which pay more interest if you are prepared to "lock it away" for a certain number of years. I remember reading in a financial paper a little while ago that these funeral plans are not good value for money.

Not morbid at all, merely being practical. I have made a will setting out my wishes and even a guideline for my funeral service, I have also signed a Power of Attorney just in case I lose my marbles - which on current form should be some time next week grin

Kiora Sat 25-Jan-14 12:34:28

Is it cost effective to pay for my funeral with a funeral plan, just save, or buy premium bonds. I'm not planning to die I'm only 60 so would need to take into account inflation. I just don't want my children to face the same upset myself and siblings did recently over my dads funeral. Sorry for being morbid.