Thinking about your death is likely something you avoid, which is understandable. With that in mind, know that contemplating and preparing for the inevitable can make things easier on your friends and family in Texas and elsewhere likely to feel the impact of your passing. The cost of a funeral is one that many people do not know much about, nor is it a cost that they feel prepared for when a loved one suddenly passes without covering her or his own funeral expenses.
To help ease the financial burden on those closest to you when you pass, see what SmartAsset has to say about funeral costs. Use the pricing information to aid in your estate planning efforts.
In 2018, the average cost of a funeral was roughly $7,200. That figure includes embalming, viewing, transportation, service fees and burial. Depending on whether a funeral includes extras such as catering, that $7,200 average cost can increase by hundreds or thousands of dollars.
Cremation or burial?
Overall cost may impact your decision to be either buried or cremated. In most cases, cremation is less expensive than burial, averaging out funeral costs at about $6,100. This difference could make funeral costs easier on you as well as your family and friends. It is not unusual for bodies to go unclaimed because loved ones could not afford the funeral. No matter if you choose burial or cremation, be sure you note your choice in your estate plan so those closest to you know which option you desire.
Despite $7,200 being the average cost of a funeral, budgeting more money is a good idea. Memorial services, transportation and special garments can inflate the final funeral price.
This information is only intended to educate and should not be interpreted as legal advice.