Prepay towards your funeral

You may also want to consider prepaying some money towards your final farewell. As with prearranging your funeral, this can help relieve loved ones of emotional and financial concerns.

The Funeral Trust has been specifically designed to help you set money aside for your final farewell or for your loved one.

Your contributions will be held on trust by the Trustee until they are needed, in accordance with the terms of The Funeral Trust’s Trust Deed. This reduces money worries for families and avoids them having to go through any legal requirements to access money from an estate to pay for the funeral.

As a recognised funeral plan contributions up to $10,000 are currently exempt from asset testing when assessing eligibility for a subsidy for long-term residential care.

If you are interested in more information, ask your funeral director who will explain this service or visit The Funeral Trust website. Once again, there is no obligation.