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How to save money in Spain

How to save money in Spain, and how to find ways to save money online. Saving money is something that we are all a bit interested in. Find out how you can stop losing money on foreign exchage and currency rates and save money on foreign exchange rates instead. Find out how you can save money by an expat financial review. Learn more about expat health insurance and how you can save money on every day living expenses in Spain. You may even be able to save money on tax, and make the most out of your UK pension

How to Save Money in Spain: The Importance of a Funeral Plan in Spain
05 June 2017 @ 18:34

Anyone living in Spain should consider investing in a funeral plan. There are still a lot of ex-pats living in Spain who do not have funeral plans. It may not seem important to you at the moment, but it is in fact very important. Recently, I found out how important it can be to have an expat funeral plan, or funeral insurance, in Spain. A friend of ours mother died with a wish to leave her body to medical science. The problem started when the hospital asked for an unexpected 1000 euros. It turns out donating your body to science in Spain is no longer for free.

Dying Without a Funeral Plan

First of all, this was money the family did not have. They had not expected to have to pay anything for donating the body to medical science, and the request for payment came as a great big surprise. At the time, the family did not have access to any extra funds at all, and did not even money to cover the wished for memorial service. If a prepaid funeral plan had been in place, a lot of stress could have been avoided. As it was, a local crematorium helped out and friends rallied around to get the money together.

Are Prepaid Funeral Plans in Spain Good Value for Money?

The question is – do you want this to be your legacy? It is much better to accept that anything in life, and in death, costs money and you may as well accept. When you look at funeral plans, they may initially seem expensive, but in fact, some of them are very good value for money. If you like, it is your chance to take a little bit of hassle out of the situation and you may make it easier for the family and friends you leave behind.

Dying Without a Will or Funeral Plan in Spain

I know funeral plans are a morbid subject, but sometimes it is better to face facts. You may not have any living family in the UK or Spain, and what happens when? If someone does not have Power of Attorney of your estate, you may find that even your money will be taken by the government. Dying without a will or a funeral plan, is still not that unusual. It happens a lot. The problem can easily be rectified.

Find the Right Funeral Plan for You

When you look for a funeral plan, you want make sure it suits your needs. Don't sign up for the first one which comes to mind. Take a look at a few and compare notes. Most importantly, make sure that it is a funeral plan which will ensures that you money is safe. After all, if there are no funds available when you die, your family will still be in the same situation. There are plenty of funeral plans available, and try to look at as many of them as you can.

Power of Attorney, Wills, Funeral Plans or Funeral Insurance

Of course, you can save up the money, or put the money aside for your funeral. In that case, your wishes need to be written into your will and you need to leave the money with someone you trust. A person with your Power of Attorney is a good idea if you are single and living in Spain, especially if you have no immediate family available. One another thing could be worth pointing out, you may want to make sure your funeral plan, or funeral insurance, covers you for wherever you die. Some of them do, and you want to make sure you sign up for a plan, or funeral insurance, which suits your needs.

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