What is a "prearrangement contract"?

A prearrangement contract is a legally binding agreement that allows individuals to plan and pay for their funeral services in advance. This type of contract is designed to alleviate the burden on families during difficult times by ensuring that the deceased's wishes are honored, and the financial aspects are already taken care of. Typically, the contract outlines the specific services to be provided, such as burial, cremation, and other arrangements, and includes details on payment methods, whether in full or through installments.

By entering into a prearrangement contract, individuals can lock in current prices for services that may rise in cost over time, which can be a significant financial advantage for future funeral expenses. It also provides peace of mind knowing that preferences regarding the type of service, location, and disposition of the body are clearly outlined and legally documented.