Anonymous

18 Apr 2019

∙

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?

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Yixiong Chang

26 Dec 2018

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.

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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.

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Lee Chun Kiat

26 Dec 2018

Next-of-kin, sometimes the whole families.

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

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