How is my prepaid funeral contract set up?
Hills Family Funerals prepaid funeral contracts are provided through the Australian Friendly Society, which is associated with Bendigo Bank. The Bendigo Funeral Bond contract allows you to provide for the cost of your funeral.
How much will my prepaid funeral cost?
By discussing the details of your preferences with Hills Family Funerals, you can ensure that sufficient funds are set aside for your requirements. The total cost of a funeral service will depend on the individual aspects that are chosen as a part of the service, whether burial or cremation is preferred, and so on. Hills Family Funerals will give you a written quote before you finalise your prepaid funeral.
Does my prepaid funeral plan incur any tax?
No, your Bendigo Funeral Bond through Hills Family Funerals will not incur capital gains tax or other tax liabilities.
How can Hills Family Funerals offer to keep the funeral costs at today’s prices?
At the time of redemption of the bond the interest gained from the Australian Friendly Society is paid to Hills Family Funerals. This amount covers the increase in the funeral cost.
Does my prepaid funeral plan affect my benefits?
The Bendigo Funeral Bond qualifies for both income and assets test exemptions for means-tested pensions and benefits paid by Centrelink and the Department of Veterans’ Affairs.
What are your terms of payment?
You can choose to pay for your prepaid funeral in one payment or by instalments. Hills Family Funerals accepts all usual forms of payment and can discuss the terms of payment with you at our first meeting.
How will my family know I have a prepaid funeral plan and what to do?
We will send you a brochure that provides guidance for your family when emotions are running high. It allows you to make a record of all personal details required by the Registrar of Births, Deaths and Marriages, including valuable information such as contacts for your accountant, bank details, investments, clubs and the details of your prepaid funeral plan.