Why the cost of death is rising?

Why is the cost of death rising?

Past research has shown that the price of death is soaring with the average funeral cost now sitting at £4,000. Reports suggest this rise in price is largely down to the 30% increase in basic charges being made by many local councils. It has been suggested that councils are increasing their charges as part of a strategy to recoup money following years of cuts to their budgets.

In addition, some funeral director fees are rising above the rate of inflation. This combination could result in families struggling to pay for the type of funeral they want to provide for a loved one. Typically, half of burial costs go towards a coffin, a gravedigger and buying the lease for a plot, while a third of a cremation bill goes on the use of a crematorium and the service itself.

Previous research also highlights that burial costs vary significantly depending on where you live in the UK. Fermanagh and Omagh in Northern Ireland are the cheapest places to be buried in the UK, with only a £255 fee to pay. However, people who die in South West London pay around 18 times that at £4,561.

Funeral costs in various parts of the country have risen steeply over the last decade, despite many funeral directors trying their best to keep their costs in line with inflation. The result being that many families may struggle to afford the funeral they want for their loved one if they have not planned anything in advance. Court fees have also increased, leaving relatives of the deceased in the uncomfortable position to decide whether it is financially viable to challenge a Will for fear of cost.

It is hugely important to plan ahead to avoid causing further stress to your loved ones when you pass away. Including your funeral wishes in your Will not only makes it easier for your family when making the necessary plans but also ensures the plans are made as per your wishes. 

Contact us for more information on funeral costs and updating your Will.

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