Business professionals face a variety of challenging tasks when it comes to understanding the ins and outs of legal terms and concepts. One topic that requires special care and attention is that of burial policy, a type of contract designed to ensure that the decedent’s remains are interred in accordance with their wishes.
What Is a Burial Policy?
A burial policy is a legally binding document that stipulates the details of the burial or interment of a deceased individual. The policy specifies the type of burial service and grave site, as well as the costs associated with the burial and whether those costs will be covered by a funeral insurer or trust fund. The policy also includes instructions for disposal of the body, any special requests, and details of any memorial services that will take place in honor of the decedent.
What Is the Purpose of a Burial Policy?
The purpose of a burial policy is to ensure that an individual’s wishes for their own burial are carried out. It helps to eliminate the guesswork and alleviate the burden that comes along with making these types of decisions on behalf of the decedent. With a properly drafted burial policy in place, family and friends can rest assured that their loved one’s final wishes will be honored.
How Do I Create a Burial Policy?
Creating a burial policy is a relatively simple process. Start by detailing your wishes and instructions as clearly as possible. Be sure to specify who will be responsible for paying for any applicable costs — whether that is a fund, insurance company or other entity. Additionally, you can designate a person or people to handle all arrangements that come after your passing. Make sure your policy is finalized and signed in front of a witness, in accordance with all applicable laws.
The Final Word
Creating a burial policy is an important part of the estate planning process. By providing clear instructions for the kind of burial you would like, you can make sure that your final wishes are carried out exactly as intended. With a little preparation and consideration, you can ensure that your death is handled with care and dignity.