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18/08/2009
Funeral planning may alter wills |
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The number of funeral plan sales has risen by more than a quarter during the recession, it has been stated.
Co-operative Funerals has revealed a 28 per cent rise in sales of such plans in the first half of 2009, something it blames on a fall in confidence in savings and investments that might normally be used to fund these.
For people looking to put their money into a funeral plan, it may mean diverting funds away from elsewhere, which could affect the sum total of assets those doing this have.
People planning a funeral this way may wish to see a lawyer experienced in will drafting to make any necessary adjustments to the document.
Earlier this month, Warwickshire-based lawyer Martin Green told the Birmingham Post people should consider re-writing their wills as a result of the recession.
He noted that the downturn has reduced the value of many people's assets, which will affect the figures in the document.
Written by Laurence Smith
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