'A funeral trust is one financial product that can be used to "pre-pay or pre-fund a funeral so your family has access to money for your final arrangements.
Funeral trusts are a safe financial instrument, giving total control of funds to your family to disburse as-needed to all the various parties. If there are any funds remaining, they will go back into the estate for distribution.
A major benefit with funeral trusts are the flexibility your family has to use the funds. Since they are not locked into one funeral home or cemetery, your family can choose the right funeral service providers rather than be locked in with one or have the hassle of figuring out how to transfer a policy elsewhere.