What does it mean to preplan a funeral?
Preplanning a funeral is a sensible caring way to help you and your
family. If you are considering preplanning your funeral or for a
loved one you are helping everyone involved to help reduce the stress.
The stress of making funeral arrangements at the time of ones demise
could be one of the most difficult times for a family. By taking
the time to preplan and prepay a funeral a family is helped greatly.
Prepaid funerals are guaranteed never to increase in cost at Walker
funeral home, are FDIC insured, excluded and protected from Medicaid*
and are refundable with interest without charges or obligation.
*After Jan. 1, 1997 must be irrevocable
Walker Funeral Home offers two types of preneed contracts
1.Revocable Agreement- This agreement allows you to prepay a funeral
at today’s prices and the money is placed in an interest bearing,
FDIC insured account called the Preplan. Preplan is a safe well
managed trust account set up exclusively for people to prepay there
funeral.
2.Irrevocable Agreement- After Jan. 1, 1997 Irrevocable trust agreements
were offered to allow someone to “spend down” there assets to qualify
for Medicaid benefits. The funeral/burial funds you set aside will
in no way count as part of your financial resources. This agreement
also has the money placed in the PrePlan account.
Things to consider for Pre-planning
• Do not consider a prepaid funeral as an investment rather consider
it as an important part of estate planning
• By planning your funeral in advance you are giving your family
piece of mind that your wishes were honored.
• New York State has the strongest consumer protection laws in the
country including prepaying your funeral. By law your money is protected
in a 3rd party trust account.
How to Pre-plan a funeral
1.Set an appt. to meet with the funeral director and select desired
services and merchandise.
2.We provide you with a fully itemized statement and contract
3.You make check payable to Pre-Plan
4.We forward the contract and check to Pre-Plan offices for immediate
deposit
5.A deposit acknowledgement is sent to you directly
6.At the completion of the funeral, payment is forwarded directly
to the funeral home
If you have further questions, please contact us to make an appt.
and click HERE to print
our funeral checklist so you will know what information we need.
87-34
80th Street
Woodhaven, NY 11421
718-296-4343
E-Mail: info@walkernf.com
