The high costs associated with funerals, probate and wills are currently forcing one in eight families in the UK into funeral poverty.
According to data from will writer and funeral provider Farewill, the total cost of dying typically soars above £10,000 ($12,500), with the average UK cremation costing £3,250 and will writing costing an average of £180.
Meanwhile, it typically costs more than £800, plus up to 5% of an estate’s value, to get the grant of probate.
The issues around the cost of dying and complex processes surrounding death have been thrown into sharp relief in the wake of the coronavirus pandemic.
Some 94% of people who have lost a loved one to coronavirus found administrative tasks negatively affected by the crisis, says Farewill.
Some 40% found it difficult to register the event