Who will pay for your parent’s funeral?


Oct 8, 2013
Who will pay for your parent’s funeral?

Compare Funeral Plans I’m guessing it’s something you haven’t thought about, why would you? We may joke about  our parent’s inheritance but in  reality the thought of losing our parents is firmly pushed to the  back of our minds for as long as possible. 

 But think about it just for a minute; who exactly will pay for their funeral? 

Do they have any savings? Do they have a prepaid funeral plan with everything already arranged? Would funeral costs be covered by their estate? Would you be able to pay for the funeral if necessary until the money from their estate is released? Would you have to pay for the funeral in its entirety? Do you have the money to hand or would you have to borrow it?

All these questions about something you would rather not think about but are you starting to see why it’s important to give it a thought? 

The problem is that however close the family, dying is a subject that rarely comes up. Have your parents ever talked about what will happen; what they want to happen? 

Dying comes to us all and unfortunately it comes at a price. With an average cost of £3,456 for just the basic funeral costs, dying is an expensive business. After all these days not many of us have that kind of money readily available but what can you do about it?

The most important thing you can do is talk to your parents about what they want. At the end of the day there are plans that can help with funeral costs such as prepaid funeral plans and Over 50s life insurance but it’s not just about money; it’s also about their wishes. The chances are they might have thought about it already and may even have put plans in place

Wouldn’t it help you to know if there is a specific piece of music they would like played; a reading by a particular family member or close friend; a special place they would like their ashes scattered? Again more questions but the answers will make things so much easier when the time comes.

Death is a taboo because we have made it so with our reluctance to talk about it. As a result of our current economic climate and ageing population, times are tough and people are having to come around to the fact that plans need to be made for later life (I hate that term but unfortunately it is probably the most suitable one). Discussions are having to take place about funding for old age, ill health and everything that comes with it. It’s not heartless; it’s not cold; it’s life.

Being prepared is quite often half the battle so have the conversation soon. Remember it’s good to talk!

By Ashley Shepherd


Ashley Shepherd is an Over 50s Personal Finance Expert

ashley shepherd

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