One of the most unexpected things in life occurs when you get a call telling you a loved one is gravely ill. I know because last month I got such a call. The call simply said, ‘Get home quickly, your mother is not going to make it. My whole world stood still. It had been less than six weeks since I had been with my mother, and although she had been sick, she was recovering nicely.
My mother passed on May 7, one day before Mother’s Day and I want to share with all of you how difficult this time is and how it is so very hard to focus on the business at hand and grieve also. One thing that is just as sure is that this is no time to do financial planning. It is too late. The cost to memorialize my mother cost the family more than $10,000. In fact, the average funeral in the U.S. surpassed $7,000 in 2012 and now inches closer to $10,000, though the National Funeral Directors Association reports that funerals can cost up to $27,000, with the least expensive burials costing right around $2,000 to $3,000.