Have you been R.I.P. ed Off?
Rest in Peace d off?
If you have Purchased a Prepaid Funeral, You probably have been ripped off.
This according to the AARP. The AARP has recommended that you do not participate in the purchasing of pre-paid funerals. If you prepaid for a funeral, it is safe to say that you did not save on funeral cost(funeral expenses) or paid for a lower cost funeral. Now about the “IFDA Preneed trust” Illinois Funeral Directors Association and all we are saying about this sad situation can be summed up in an article here:
From a Recent Article:
“Think it over
Both AARP and the Funeral Consumers Alliance advise against pre-need contracts in most cases. Instead, consider depositing money in a separate interest-bearing account at your local bank. On your death, the person you name as the beneficiary of this “pay on death” account (also called a POD account or Totten trust) has immediate access to the money. Just be sure to name a trusted relative or friend, not a funeral home, as the beneficiary.”
Enjoy the great View of this article here:
If you read this article in it’s entirety you will have a handle on the beginning and the end of preneed trusts. You get a starter course in funeral planning 101. You will have a great background in before planning a funeral. Sad to say if you prepaid for a funeral you may not “Rest in Peace“
Your Funeral Guy, Funeral Director (State of Illinois) and Author.