Quote:
Originally Posted by Bill Douglas
Or buy a nice car. enjoy the car. And when you die, selling it will pay for the box and cremation.
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That's a common misconception here. People say, "Oh, I own this $150k hovel free and clear. It will pay for everything." Really? You think a funeral home is going to keep your corpse in a fridge while your heirs squabble, clean out and then list the house for sale, and six mos. later squabble over who gets the net cash? Uh, no. If you can't write a check for $10k or produce a life insurance policy that is likely to pay, a funeral home is not going to do anything for you. They ain't a charity.
My folks are rich and, if they were to die on the same day, I'd eventually parachute out a rich man. BUT..... until the estate was settled, I'd have to quit my job, move to NJ, pay their bills and my bills and probably give up six mos. of my life in the process. And they'd be fine with cremation and getting scattered over the Bay. But settling their estate won't be a simple process.