End of Life Arrangements

Estate planning is just one of the many issues confronted by individuals who are facing their end of life arrangements. As people age and acquire material wealth, it is necessary to decide what to do with their assets once they pass.

Deciding how to handle the various and important details may require professional help. “What is estate planning?” may be a question people should ask long before it becomes necessary to delve into finding those who can assist you with constructing wills and estates.

Prudence dictates that you decide how best to execute your estate planning long before you pass away. Of course, it is unlikely you will know when that is as accidents may take you from your family suddenly without having had the opportunity to set your affairs in order. Once you begin to accumulate wealth is generally a fair time to start contemplating planning your estate. However, you may wish to do so even without excessive wealth to pass on if for no other reason than to make sure your burial wishes are expressed clearly for your loved ones.

Planning Estates and Wills

Writing a last will and testament is perhaps the most familiar part of end of life arrangements for most people. This typically consists of bequeathing your assets, wealth, and possessions to those whom you wish to receive your material possessions. Finding out how to write a will is an important aspect of estate planning, especially if you have complicated financial situation or many recipients for your belongings. In many cases, those who need to make a will may want to inquire about professional help with estate planning and retain attorneys who specialize in this form of law.

Related Article: What is a will executor?

Furthermore, once you have a will, you will want to appoint someone to see that its instructions are carried out exactly. This is called an executor of will, and you may or may not wish it to be someone who is a blood relation. You may also prefer to make it someone who is not a party to receiving anything you have left in your will as well. You will want to find out who can be an executor of a will as well as understanding their duties and obligations as fully as possible in order that you may select the person or persons most apt to handle the execution of your estate so that your final wishes are carried out perfectly.

Life Insurance

A life insurance policy is also an important component of your end of life arrangements. The amount of life insurance you elect to have covering your demise should correlate to the amount of responsibility you have at the time of your death. Should you have a young family with a spouse and dependent children, you may elect to carry much more insurance so that if you are the primary income source for your family they will not encounter grave financial struggles to accompany the grief of your passing. Understand how to choose a life insurance policy so that you do not pay a lot of money in premiums over the course of years for a policy that does not fit your end of life needs. Finding and using the best tips on choosing a life insurance policy will ensure that the details most important to you and your family are taken care of at a price you can afford.

Funerals and Other Arrangements

How to plan a funeral is something most people are likely to overlook for the entirely of their lives. There are many funeral program options to choose from based on your religion or personal wishes for your burial. Making a funeral planning checklist before setting out to make your arrangements will help you prioritize the most important aspects. Staying focused on what you really need rather than spending money on frills and extras will help you avoid spending more than is necessary for your service.

If you find planning your own funeral is too emotionally or physically taxing, hire a professional to make the arrangements. This may even include pre-paid funeral packages that include headstones, caskets, burial plots and the like. However, some people do not wish to be buried, as there is a significant cost associated with traditional funeral rites. Headstones, caskets and burial plots in cemeteries can become quite costly and the price ascends out of one’s budget very quickly in many cases. Cremation arrangements are a popular way to handle funeral rituals, as a cremation cost tends to be quite a bit less expensive and forego many expenses such as they casket and headstone. Furthermore, loved ones may keep the urn containing the ashes of their departed family with them in their house.

Burial at sea is yet another very different approach to funeral rites. However, depending on where you live there may be legal considerations for an ocean funeral and you may need to inquire about the legalities and permitting associated with it in your state. For obvious reasons, burials in this manner typically involve only cremated remains, which are then scattered respectfully and in accordance with local laws.

Donating Your Body to Science

Donating your body to science is a very altruistic way of handling your funeral arrangements. Rather than provide for the expense of preparing your corpse for internment in the ground with all the material trappings of a traditional funeral ritual, or even the less cumbersome cremation arrangements, you may opt to donate your body for research purposes. Medical schools need human cadavers for student physicians to work with so that they may complete their training. There is often a fee paid to donors who opt for this route to be left to the decedent’s family or loved ones.

Related Article: How to Donate Your Body to Science

It might also interest you: