Life insurance for burial cost?

[DeepCMark58A]

When my mom died in Florida we had to wait 24 hours to have her cremated, she wasn't coming back.

 

[FLATHEAD]

A few years back my wife and I both contracted for cremation services. We already owned several burial plots if needed for either us or grown children. No funeral and a simple graveside service with a prayer only no honor guard, bugle, or salute. I have attended some for some of my also retired shipmates and yes I realize full military burials are impressive and mean a lot to some families.

My father a war veteran and wanted military honors. He was cremated and his ashes were interred at Washington crossing national military cemetery. We paid for the cremation but everything from there on was free, full military honors, columbarium niche where his urn was placed along with my mothers. Name, rank, years served on his niche door. My mother’s ashes were placed with his. Her name is engraved as well. It’s First class operation.
I did keep some ashes I sprinkle in the woods where I hunt and the lake he liked to fish, still have some left. Not sure why I do, they are just ash a part of the man that once was.

As for me, I don’t care what they do with my carcass. I believe the second you die your soul goes wherever it was intended to go leaving just an empty vessel.

 

[Buster53]

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.

When there is a TOD, the house automatically transfers to the designated person…it’s a done deal so no arguments. Well, someone can argue but nothing will come of it. Neither of our sons will want to live here, so the house will be put on the market and proceeds split 50-50.
Here in VA, the house transfers with stepped up cost basis, so no concerns there.

 

[aspeck]

I have told my wife, "I have eaten from the woods and fields all my life and those animals have been good to me. I am okay with you throwing me in the woods and let the animals have their turn to eat me. It's only fair!" She is not a fan of that idea ...