Funerals form an important part in our cultural life. In many cases, families spend far more than they can actually afford to bury their loved ones, resulting in debt situations that they can ill afford. Often, over-spending and falling into a debt trap is done to keep up social appearances. Planning for funerals requires objectivity and knowledge and should not be emotionally driven. Some considerations include:


  • What should I know about funeral policies and burial societies?
  • Do I have life cover?
  • Do I have too much funeral cover?
  • What is the difference between life cover and burial cover? (Long term insurance)
  • What are the legal requirements after death - documents and formalities, such as death certificates, closing bank accounts, paying off outstanding accounts, dealing with tax issues, etc.?
  • What are the real costs of a funeral, namely the coffin, paying a celebrant or clergy, flowers, newspaper notices, burial/cremation costs, refreshments for mourners, etc.


Death of a family member

Losing a family member in a blink of an eye can be wrenching. At this stage, money is the last thing anyone wants to think about. At this point, a lot of financial decisions need to be made, and it is important to be in control of finances as quickly as possible before they spiral out of control.


  • What are the pressing, routine financial decisions that have to be made?
  • What bills need to be paid?
  • Where can I get assistance from?
  • Do I have all my financial documents in order?
  • Do I know what my monthly expenses are?
  • Do I have a Will?


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