Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Tuesday, 02.20.2018
News Archive
Su Mo Tu We Th Fr Sa
 1  2
 3  4  5  6  7  8  9
 10  11  12  13  14  15  16
 17  18  19  20  21  22  23
 24  25  26  27  28  29
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local

Members Of

Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Feb 29,2008
Parent Care: Read the fine print on prepaid funeral plans
by Marsha_Kay Seff

As if planning a funeral isn't confusing enough, there's a new option: "green" burials. Some families are forgoing formaldehyde embalming and laminated caskets in favor of eco-friendly, natural-fiber shrouds and coffins made from cardboard, recycled newspapers or bamboo, lined with unbleached cotton.

I flashed on this trend while reading a new report about prepaid funeral-plan scams. A 2007 AARP survey of 1,087 Americans 50-plus found that 23 percent made prepayments on funerals, burials or both. Dan Isard, founder of a consulting firm for funeral homes, estimates that $18 billion is invested in pre-need accounts.

AARP offers these tips for reviewing funeral contracts so you or your parents won't be duped:

- Think it over before buying: Instead of buying ahead of time, an option is depositing money in a separate interest-bearing account at your bank.

- Bring a magnifying glass: Check the fine print to see what's covered. Prepare a list of uncovered expenses and inform the survivors.

- Ask about refunds: Be certain the contract can be transferred in full to another mortuary or the funds can be refunded in case you move or change your mind.

- Follow the money: Know where your pre-need payments are being invested.

- Plan for change: Ask what happens if your circumstances change.

- Review your finances: If you're close to being eligible for Medi-Cal, check with an elder-care lawyer. It might make sense to put some of your money into an "irrevocable" pre-need funeral plan.

- Ask an attorney or trusted adviser to review the contract before you sign.

Obviously, not all prepaid plans are a scam. But you need to be careful.

My folks both bought prepaid plans, and it took some of the sting out of their funerals. Even so, mom's policy didn't cover her transportation from San Diego back to Miami. And both funerals ended up costing an extra $1,000 or so for incidentals. The funeral homes charged for flowers, which were not covered by the plan. We hadn't ordered them, so we didn't pay.

Marsha Kay Seff can be contacted by e-mail.
2540 times read

Related news
Ohio mother upset over funeral protests by UPI posted on Feb 01,2008

British court mulls Hindu funeral pyres by UPI posted on Mar 24,2009

Money and You: The health insurance dilemma - choices for retirees under 65 by Carrie_Schwab_Pomerantz posted on Jan 11,2008

Parent Care: Make a plan for long-distance caregiving by Marsha_Kay_Seff posted on Feb 22,2008

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 17 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County

Tower Theatre
Tower Theatre

The High Desert Museum


Deschutes County

  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?