facebookDo we really have to save up the "coffin money" ourselves or can we rely on our next-of-kin? - Seedly

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Anonymous

18 Apr 2019

Random

Do we really have to save up the "coffin money" ourselves or can we rely on our next-of-kin?

How do the funeral service guys know where I parked my money upon death?

Discussion (3)

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Haha, they dont. It is up to your next-of-kin(or whoever that engages them) to pay them.

If u would like to learn about estate planning, feel free to contact me directly.

Loh Tat Tian

26 Dec 2018

Founder at PolicyWoke (We Buy Insurance Policies)

For this question, it is good to do a will for grant your estate administrator or will executor the Whole Life insurance payout for this purpose. That's what I did when I was at age 22 and bought a small Whole life to prevent any issues.

But you may see how you want to do it.

Next-of-kin, sometimes the whole families.

My grandmother just passed away, my father asked to sha...

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