As CPAs, it is essential to communicate the urgency and benefits of preplanning funeral or memorial services to your clients. By preplanning, individuals can find peace of mind and alleviate the financial burden on their families. Opting for a payment schedule allows for manageable costs, avoiding the strain of a lump-sum payment during a challenging time. With the average cost of comprehensive funeral services around $11,000 (excluding burial plot or cemetery land), it's important to note the annual 10 percent price increase due to inflation. Encouraging clients to take action now helps them lock in the current price, protecting their loved ones from future price hikes. By securing arrangements early, clients provide financial stability and enable their families to focus on honoring their memory and grieving without immediate financial obligations. Guide your clients to ensure a smooth transition by emphasizing the need for timely action and securing arrangements at the current price.
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