Increases of up to 30% by councils across the UK for basic burial costs are reported to be the primary reason for an average funeral now costing an estimated £4,000. It has been suggested that councils are increasing their charges as part of a strategy to recoup money following years of cuts to their budgets.
In addition, some funeral director fees are rising above the rate of inflation. This combination could result in families struggling to pay for the type of funeral they want to provide for a loved one. Typically half of the burial costs go towards a coffin, a gravedigger and buying the lease for a plot, while a third of a cremation bill goes on the use of a crematorium and the service itself.
The report also highlights that burial costs vary significantly depending on where you live in the UK. Fermanagh and Omagh in Northern Ireland is the cheapest place to be buried in the UK, with only a £255 fee to pay. However, people who die in South West London pay around 18 times that at £4,561.
As part of our Probate service at Redwood Financial, we can cover funeral costs up front, before cash assets in an estate are realised. We recover these costs back from the estate at a later date, so the family doesn’t need to worry about funding it themselves. We believe that it is our duty to help families through this difficult time period by making the process as painless as possible, which in turn can help them to move on.
To find out more about how Redwood can help you, come along to one of our FREE Public Seminars on Wills, Trusts & Estate Planning. Our next Seminar 17th July at The Langstone Hotel, Hayling Island. Book online at Book Me A Place!: call us on 01489877 547 or Email email@example.com.
Source: Kings Court Trust