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Thursday, February 7, 2008

Death Leaves Families In Debt

This post is for everyone who thinks that debt occurs only from credit. This is also a hand of understanding to those who are dealing with medical illness or a death in the family.

Millions of people lose a loved one everyday. Trying to deal with the debt associated with death, is unthinkable for most. That's why there are Funeral Homes.

Death and debt are realities of life. I'm not trying to be morbid. I'm telling you the truth. But I think you know it true already.
I know how debt affects a family because my Uncle Richard recently died. It's always tragic when a family member or loved one dies. What's more tragic, is the debt that's associated with dying.

In every war people die. It no different in your war on debt. I think Mark Twain said, two things are certain in life are death and taxes. The death bill often comes unexpectedly and always at the worst times. Don't get me started on death taxes.

Debt haunts our loved ones after we pass. My Mother (God bless her) rallied my family around paying for my Uncle Richards Cremation. Mom is still suffering from the loss. Today she goes to pay Uncle Richard's remaining cremation bill of $700.

Many people are under the impression that debt is people borrowing money and refusing to pay the money back. If you are one of them reading this now, think about the loved ones you lost? Now think...

Who had to pay to lay them to rest?
How did they feel having to make the decision to pay for cremation or casket?

My point is, debt isn't always about credit. For instance, if you're in the hospital you'll have medical bill (debt). If you die afterward, there will be a bill to lay you to rest(debt).

When people die their family suffers financially. For example, if you're main household income earner and you die, your family has less money. If your spouse has an income you will have their burial debt - minus their income.

What can you do? Embrace that debt is a part of the process of dying. It sucks, it hurts, and it doesn't seem fair. I know.

Please do your best to cover your families burial needs? If you can do this before they pass, you will benefit from one less burden while you go through the grieving process. It's hard enough to grieve a loved life lost. What's worse, is the chaos surrounding burying a loved one.

Rest in peace Uncle Richard. My sincere condolences to anyone who's lost a loved one recently.





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