FUNERAL
PRE-ARRANGING Our Funeral
Pre-Planning Program gives people
an opportunity to plan the details of
their funeral in advance. These details,
along with required Vital Statistic
Information, are recorded and held on
file until required. Planning in advance
allows people to review their options
and take the time to carefully decide
on what is best for them. Waiting until
a death occurs, or even a serious illness,
can place added stress on the family.
Appointments are not required but are
strongly recommended. Pre-arrangements
are facilitated by a one of our licenced
funeral directors. To ensure there is
a director available, you may wish to
call ahead.
PRE-PAYMENT
OPTIONS Pre-payment
is always an option and never an obligation.
Pre-paying a funeral in addition to
pre-planning has several important
advantages:
Protects the cost of the
funeral from inflation when pre-paid in full
Provides a tax-free method
for people to invest in a
5 Year GIC
Removes the financial burden
from surviving family should
the estate not have sufficient
funds to cover funeral costs
Flexible payment plans can
be arranged. Please inquire
for details.
HOW
DOES PRE-PAYMENT WORK?
Cost of the funeral is established
according to options that
are selected.
This determined amount is
pre-paid to the funeral home.
The money is invested in
a 5 Year GIC in the name of
the purchaser (held in trust
on behalf of the client and
is not considered an asset
of the funeral home).
The investment earns interest
until the funeral services
are provided.
Interest is used to offset
inflation.
Should there not be enough
money in trust, funeral home
absorbs the loss.
Any interest remaining is
refunded to the estate or
family can apply towards additional
services not pre-paid (i.e.
flowers, reception etc.).
Only the amount refunded
to the estate is subject to
tax.
