What Happens When A Family Cannot Afford A Funeral?

What Happens When A Family Cannot Afford A Funeral?

Today costs are rising so it is vital to set aside at least half of your income every month, if you expect to face any difficult situation, wherein you can’t go to work anymore.

Does medicaid help with funeral expenses?

This holds good during your lifetime and also after it. Taking a life insurance policy or a health insurance plan certainly helps to mitigate costs when difficulties arise.

What Happens When A Family Cannot Afford A Funeral?

In case a family earning member is no longer living to provide for the family, a life policy will pay significantly to dependents so that they can manage the rest of their lives. However, there are exceptions to this scenario, wherein a family does not have any money to pay even for the final expenses of a loved one.

What To Do When There Are No Funds To Hold A Funeral?

Typical funeral costs range from $7000 to $10000 and this number is only rising with the ever increasing cost of living. What happens when a family is confronted with situations wherein they are unable to pay for final expenses of a person?

From where can we get emergency funeral funds?

Let’s look at a typical scenario on what happens when a loved one passes away and a funeral has to be held, which is paid by the next of kin and then look into the extreme case in which there is no money to hold one.

Who pays for a funeral if the deceased has no money?

In a typical situation wherein a person ‘with a will’ passes away, it is the executor of their estate who pays for the funeral costs. This applies only when the person who has passed away did not take any funeral insurance. Money can be taken by the ‘will’ executor for funeral costs from savings, checking or investment accounts and even from sale of personal property.

In case the person arranging for the final expenses of the loved one is eligible for a loan, he or she can pay for it using a small cash advance or quick loan.

In such circumstances, do not opt for ash advance from a credit card since it will have a high interest rate It is also possible to collect little bit of money from relatives close by and put all the funds together to make up for the funeral costs with the assurance that the amount will be paid back in the next couple of months.

What to Do When You Can’t Afford a Funeral?

Let take the extreme scenario when the family has literally no money to pay for the expenses. In such a situation, the person managing the loved one passing away should sign a ‘release form’ at the coroner’s office.

This form formally declares that the family has ‘no money’ to pay for the funeral expenses. Once it s signed, it officially declares that the body must be handled by he coroner’s office, who will either bury or cremate it.  A fee may be charged if family members  wish to get their load one’s remains in the form of ashes.

In the event of the body being managed by a funeral home, the next of kin have to pay costs after the funeral and can get reimbursement for the same in case the loved one who has passed away was a War Veteran or meets the criteria for Social Society Death Benefits.

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Posted in Funeral insurance for seniors, Funeral life insurance