Cost of dying rises above £7,000
The cost of dying is now reported to be rising above £7,000. Recent Surveys have shown that funeral costs have risen by 61% over the past seven years, leaving families of the bereaved struggling to cover the costs of funerals. That’s before taking into account any expenses you might incur during the administration of the deceased estate.
The typical funeral costs are now in the region of £7,248.
Funerals, probate costs,memorials, headstones,flowers etc are now unable to be paid for with the UK in such a struggle, families simply can’t come up with the costs.
According to a recent survey around 26% of the general public admitted they had made no plans or even thought about what would happen if they were to die. Another 87% of people questioned had also made no arrangements or again even thought if where they will live and who will look after them if they were unable to look after themselves when they got old.
The news costs show a rise of £400 since 2007
Funeral costs have gone up by 63% and sun life have quoted that the costs will carry on rising.
A spokesman for Sun Life Direct, said: “Many people are sleepwalking into a financial nightmare, leaving end-of-life plans to their families, the state or no one at all.”
We should all be planning and thinking about what will happen in the future rather than just sitting back and not worrying about it, Our families will pay the price and we should take that into consideration.