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Russell & Pica Funeral Home

Prepaying

Pre-Payment Option

PicturePre-payment is an option, but not a necessity. Pre-payment in full does have some advantages:

  • Protects the cost of the funeral home's professional services and merchandise selection (non -funeral home expenses such as cemetery/cremation charges, clergy, music honorarium, legal fee's, etc. are not guaranteed)
  • Provides a means of "spending down assets" in preparation for government assisted long term care
  • Removes some of the burden of the financial responsibility of survivors

How Does Pre-Payment Work?

  • Cost of all selected aspects of the funeral are calculated at the present prices
  • Cost of total funeral is pre-paid in full to the funeral home
  • The money is invested in a Funeral Trust
  • The investment earns interest until the death occurs
  • Interest accumulated in the trust is used to offset the current cost of the previously selected funeral options
  • Should there not be enough money in the trust, the funeral home absorbs the loss (except for non-funeral home expenses)

It is our intention to provide each family with the highest quality of professional service and facilities. If there are particular desires or requests to fulfill your family's individual needs, please feel free to discuss them with us. If you would like to meet with us either at your home or at our facilities, or if you simply have some questions about pre-arranging, please feel free to call our office at 508-586-0254.