Dr Annetta MallonApr 19, 2023

Wondering why I recommend a dedicated bank account to pay for your funeral? Because some schemes shamelessly rip people off.

You can read some cautionary tales here https://www.abc.net.au/news/2023-04-19/funeral-insurance-policy-plans-insuranceline-rort/102230678

If you have questions about your funeral planning I'm here to help.

#GDEP #AskAnnetta #AdvancePlanning #FuneralPlanning #DeathLiteracy #finances #DidYouKnow #FYI

Consumer advocates warn of funeral insurance 'rort' that leaves customers paying more than what it costs to bury them

David has terminal cancer. Before he dies he wants regulators to stop funeral insurers 'ripping people off.'

ABC News
Show threadColin Jackson
@annettamallon If you set up an account for your funeral how do you prevent it getting frozen waiting for probate, making it useless for its intended purpose? Or maybe the system in Aus is different, my experience is UK where all assets are frozen for months after a death
Apr 19, 2023 at 4:49amWeb
Show threadDr Annetta MallonApr 19, 2023
@ThisCJ in Australia funds are released for funeral expenses. I recommend that the bank account be clearly named as a funeral account to help this process.