If your loved one purchased a prepaid funeral plan with a particular funeral home, you may wish to transfer it to another funeral home.
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There are several reasons why someone may want to transfer a prepaid funeral plan to another funeral home. The original funeral home may go out of business, you or your loved one may relocate to a different city or state, or you may simply change your mind about using a particular funeral home.
In these cases, if your loved one purchased a prepaid funeral plan with a particular funeral home, you may wish to transfer it to another funeral home.
But, is this something you can do? The answer is, in many cases, yes, but it depends on several factors. It depends on when, where, and what type of prepaid plan your loved one purchased.
The laws surrounding prepaid funeral plans differ by state. In some states, when you have a prepaid funeral plan the funds go to a third-party until the time of need. This allows the buyer to change or cancel their plans at any time. However, other states may not offer this option. This means your loved one would have most likely made their payments directly to the funeral home. Therefore, it is important to research your legal options in your particular state.
However, the good news is that even if your loved one made their payments directly to a funeral home, most funeral homes are willing and able to work with families to transfer a prepaid funeral plan.
Keep in mind, however, that since most prepaid funeral plans freeze the price of funeral costs, it is up to the receiving funeral home whether or not they will honor everything in the contract or not. Most funeral homes are willing to review prepaid plans from other funeral homes on a case-by-case basis.
The main thing to know is that funeral homes are used to this as more and more people relocate to be closer to friends and family. However, some funeral homes may be more agreeable to transferring the policy than others, so it doesn’t hurt to call around and ask before making a decision.
