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QC03072014

60 The Queens Courier • coping with death • MARCH 6, 2014 for breaking news visit www.queenscourier.com coping with death s Prefunding a Funeral By Rana Huber Preplanning your funeral is a simple procedure that doesn’t take much time and allows you to make specific choices such as music, flowers, and type of service for your funeral based on your personal preferences. It also a loving gesture that relieves your loved ones of decision-making at a stressful time. Preplanning also sets aside funeral funding so your family will not have to deal with monetary considerations. New York State consumers who prefund their funerals have their money protected by the strongest laws in the nation which require that such funds be placed in an interest-bearing trust account where the principal and interest remain the property of the consumer. When you have prefunded a funeral in New York State, you should feel positive and comfortable about the following check list: 1. Did you receive a copy of the funeral home’s General Price List? 2. Did you receive a copy of the Itemization Statement and Preneed Agreement you signed with the funeral home? 3. Did you receive a Confirmation Statement of the money you left as a deposit within 30-days? Was this deposit sent to the financial institution within 10-days of the date you signed your agreement? Does the name of the depository (i.e., financial institution) appear on the confirmation? Was your money placed in an interest-bearing account or government backed investment, such as United States Treasury bonds? 4. If you are currently receiving or have applied for Medicaid, did you sign an Irrevocable Agreement? By law, you must sign such an agreement which requires that any money left over after the funeral will be returned to the local Department of Social Services office. 5. When you make additional deposits to your prefund account, you must receive a confirmation statement of each deposit. 6. Look for an Annual Statement which will show your activity, including interest payments. (You may be responsible for paying income tax on these interest payments depending on your particular situation.) It is important to remember that the money in your prefund account belongs to you. Upon written request, the funeral home must advise you of the account balance, including interest. If your account is revocable, upon written request, you may withdraw the principal and interest at any time without penalty. When preplanning a funeral, it is important to tell family members about the arrangements and where the relevant documents are kept. Copies should be given to a spouse or next-of-kin so that they will be aware of your wishes. It’s not a good idea to keep them in a safe deposit box or attorney’s office because they will not be easily accessible after death. If you need more information about the preplanning process, your neighborhood funeral director will be happy to answer any questions you have. Rana Huber oversees publications for the New York State Funeral Directors Association, Inc. She is also a regular contributor to the popular blog, www. sympathynotes.org, written to stimulate discussion about death and grieving for both consumers and funeral directors. For more tips about prefunding a funeral, visit www.nysfda.org. Our Family Caring For Your Family • Dignified and meaningful Home Going Celebrations at our Chapel or your House of Worship • Caring and sensitive to all your needs • Multicultural, serving all cultures and religious denominations with the utmost dignity and respect • Soloist/organist/house minister available for Home Going Celebrations • Valet parking available CHURCH FACILITIES AVAILABLE TO ACCOMMODATE UP TO 300 FAMILY AND FRIENDS CHURCH FACILITIES AVAILABLE FOR REPASS THE MOST AFFORDABLE FUNERAL HOME IN SOUTHEAST QUEENS —Direct Cremations, Direct Burials, Graveside Services — Expert International Shipping to your Ho meland, Complete Burials & Cremations -NO FAMILY TURNED AWAY DUE TO FINANCIAL HARDSHIP~~~WE WORK WITH EVERY FAMILY & BUDGET TO MEET YOUR NEEDS Majestic Funeral Services Answered by owner 24 hours a day, seven days a week 718 521–0095 – 189–06 Liberty Ave., Hollis, NY 11412 MAJESTIC FUNERAL SERVICES IS OWNED IN WHOLE BY MESTRANDREA FUNERAL CHAPELS, INC.


QC03072014
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