PREPAYING YOUR FUNERAL OR CREMATION ARRANGEMENTS
PREPAYMENT OPTIONS
Many families prepay some or all of the expenses involved when prearranging a funeral or cremation.
If you’re thinking about prepaying, it’s important to consider these questions:
- What are you are paying for? Are you buying only merchandise, like a casket and vault, or are you purchasing funeral services as well?
- What happens to the money you’ve prepaid?
- What happens to the interest income on money that is prepaid and put into a trust account?
- Are you protected if the funeral home you deal with goes out of business?
- Can you cancel the contract and get a full refund if you change your mind?
- What happens if you move to a different area or die while away from home?

Prepayment of final expenses has some very distinct advantages in estate planning:
- It is a guarantee against inflation. Wall-Custance Funeral Home guarantees to provide at the time of need the services previously chosen, for the funds prepaid together with all the accrued interest and guarantees no additional charges for the prearranged-prepaid services at the time of need, irrespective of the time interval or inflation.
- The funds for a prearranged funeral or cremation are placed in a trust fund and cannot be accessed by any outside individual or government agency.
- If you move or change your mind, a written request for a refund is all that is required to cancel the contract. All monies including the principal and accrued interest would be refunded. There is absolutely no risk factor.
- If, at the time of death, the funds held in trust with the accrued interest should supersede the amount required to fulfill the contracted obligation, the difference will be refunded to the estate.
- The interest generated by this type of trust account is (at present) non-taxable to the individual in whose name the trust is held.
- Prepaying is a legitimate method of reducing your estate in order to qualify for certain benefits that would otherwise be unobtainable.
- The funds for a prepaid funeral or cremation can be paid completely at the time of the prearrangement or at a later date, or we can set up a time payment plan tailored to the individual's needs.
We welcome all inquiries without any obligation. We would be pleased to discuss our services with you and give you an itemized accounting at today’s prices. As with any other purchase, knowledge is power and we encourage you to explore all of your options.
Call Us at 519.822.0051 we will be happy to help you. Or, alternatively you can begin your prearrangement online (click the green button below). Once your online form is received one of our professionals will contact you directly.