Pre-Paid Funerals – Worth the Price?

Let's cut to the chase on this one:

• Question: Pre-paid funerals – worth the price?
• Answer: Not in most cases.

But this piece from Money does give some advice on times when a pre-paid funeral MAY be a good deal:

Despite the drawbacks, there some instances in which paying up front is a smart move.

If a person will require long-term medical care, but his assets are just above the Medicaid cutoff point, prepaying for a funeral could help him meet that requirement, according to the National Funeral Directors Association.

A more important step in estate planning is making sure you have a good will.