Who should pre-planning?
Pre-planning can be thought of as a preparation strategy of everything connected to your future final send-off ceremony and pre-paying for it in advance. Depending on your wishes or that of your family's, the arrangements can vary in cost and details.
Different factors may come into play for each individual considering pre-planning such as personal experiences / preferences, financial capability, mental awareness and concern for the welfare of their loved ones. The one thing these individuals have in common is readiness. Regardless of age, gender and status, everyone should consider the idea to pre-plan.
When you are no longer around, pre-planning will empower your family to set the required actions into motion without having to worry over difficult financial decisions and unfamiliar details. Different individuals may have different needs and choices; the most important thing here is your family can proceed with confidence that they are acting in accordance to your wishes. This will give them the freedom to cope with loss and healing. It is the final and best gift you can ever provide for your loved ones.
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5 main advantages of pre-planning
When the unthinkable happens, the financial responsibility of your last rites now falls on your family. The average funeral is priced upward of RM20,000 excluding burial plot or columbarium costs. Without any pre-planning or funds set aside, imagine the financial stress such an event places on your family. By pre-planning, you can prevent this by assuming the responsibility yourself.
By pre-planning early, you will be able to look around and compare services and prices before committing to any decision; instead of waiting until a crisis occurs when your family will be pressured into making unnecessary choices during a stressful and emotional time. You will also be able to involve your family members in all your decisions.
Through pre-planning, you will get to decide and have final say on every detail of your final send-off without burdening your family with questions and doubts as to what your final wishes are. This way, both you and your family are assured that everything will be taken care of, exactly as you have decided without leaving any reason for dispute.
Through pre-planning, you can enjoy the option of paying over time through an instalment plan compared to having to pay a huge lump sum in an immediate situation when death occurs. This helps lighten your financial burdens and you will be able to plan your commitments easier.
One of the costliest and most often ignored events of a person’s time on earth are end of life affairs. It is only sensible to prioritise pre-planning to complete your financial planning in life. By pre-planning, you will enjoy greater peace of mind knowing all your affairs are in place and the knowledge that your family will one day receive the greatest gift of love in your absence.