02/23/2026
Prefunding your Funeral Arrangements
Why this Makes Good Sense Financially
When a family decides to prefund their funeral service, the cheque they write, and the funds they provide… are deposited into a trust. This is done with a third party, such as a bank or trust company. These funds earn income over time, and as such, offset the effects of inflation.
With a prepaid funeral plan, at the time someone passes funds become available for these expenses. No further payment is due for any services which have been prepaid.
That said, sometimes the family will choose to prepay part of the arrangement, leaving some items for what we refer to as … the “time of need.” An example of this is purchasing a burial plot or paying for the opening or closing of the grave. These can be paid at the time of need at the prevailing prices of the day.
Over time, pricing for funeral services can increase, so monies placed in trust can be viewed as somewhat of an investment. In addition to relieving the emotional burden on surviving family members, you are also alleviating the financial burden.
If you have any further questions about prefunding a funeral or other questions about preplanning, please contact us.
© Carleton Funeral Home and Crematorium/CFHC Online