http://ptwglxp25.internal.publictrust.co.nz
http://ptwglxp25.internal.publictrust.co.nz/life-events/planning-retirement/pre-paid-funeral-trust/why-do-i-need-one
Why do I need one?
Like writing your Will or taking out life insurance, a pre-paid funeral trust is a positive step toward planning for the future. You can...
- help ease the financial burden of a funeral for your family
- have your money protected by a government guarantee
- have up to $10,000 exempt from asset testing for the Residential Care Subsidy.
Why do I need one(continued)?
Funeral costs can range from $3,000 to $10,000 or more. A pre-paid funeral trust will pay funeral expenses including professional services such as funeral direction and registration of death. Also the costs of a casket, hearse, cremation or burial, headstones or plaques, flowers, a minister or celebrant, an organist, newspaper notices - the list goes on.
With a pre-paid funeral trust, the money is locked away and can't be used for anything else, so you know it will be there when it's needed.