Life insurance for burial cost?

[ezbtr]

I don’t have any, but I would leave my investment cars paid off house everything to my kids, which they will get, anyone have any advice? I mean, quite frankly, they can burn my ass and everyone can have a percentage of my ashes to do with whatever they want.

 

[dingbat]

My dad prepaid his funeral expenses several years before died.

 

[Buster53]

My parents spent a small fortune on burial expenses. Sorry, I just can’t see it. Wife and I will both be cremated and will save a ton of money.
Make sure all of your affairs are in order as probate is a huge pain in the butt. Even though we have a will, it almost is not necessary. We have a transfer on death deed on our house, so it automatically goes to our sons, no probate and ALL of our financial accounts are set up with them as beneficiaries, again, no probate. That pretty much leaves just our furniture, which no one wants. Our boys have already said, they are calling 1-800-Got Junk To take care of it.

 

[roscoe]

I don’t have any, but I would leave my investment cars paid off house everything to my kids, which they will get, anyone have any advice? I mean, quite frankly, they can burn my ass and everyone can have a

In my opinion, burial insurance is a bit of a scam. Too many limitations and too expensive.

Drop $5,000 in an envelope and tell them where it is.
They can pay the crematorium bill, and have a party with the rest.

Dad is donated to the Medical college, they will pick up his body within 2 hours of notification of death.

Mom gets cremated. I'll cover the cost if their accounts are empty (not likely).. Not a big deal.

 

[roscoe]

My parents spent a small fortune on burial expenses. Sorry, I just can’t see it. Wife and I will both be cremated and will save a ton of money.
Make sure all of your affairs are in order as probate is a huge pain in the butt. Even though we have a will, it almost is not necessary. We have a transfer on death deed on our house, so it automatically goes to our sons, no probate and ALL of our financial accounts are set up with them as beneficiaries, again, no probate. That pretty much leaves just our furniture, which no one wants. Our boys have already said, they are calling 1-800-Got Junk To take care of it.

Be careful with that transfer on death. Can lead to arguments and hard feelings down the road. As long as all the siblings are on the same page, as to what to do with the property after transfer, ok. But if one wants to cash out, and one wants to live there but lacks the means to buy out the other...... trouble.

And check your tax laws as to what happens to the proceeds if/when they sell the house.

In simple terms, our lawyer advised that we leave the house in the estate, then liquidate the estate and divide proceeds per the will.

 

[aspeck]

Wife and I prepaid our burial expenses. It is taken care of and kids know. That is one less worry for them.

 

[DeepCMark58A]

Cremation is pretty cheap.

 

[alldodge]

Two things I hate to spend money on Weddings and Funerals, all a big waste of money. I go with Cremation, but really hope I go out in a Blaze of Glory (big explosion) so there isn't enough of me to find.