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Thinking About a Memorial Fund?

MemorialAdmin • August 3, 2016

Are you thinking about a setting up a memorial fund in order to honor your loved one who has passed away? Memorial funds are a lovely way to show your continuing support to the family of the deceased. Memorial funds are most commonly set up for families who have lost members unexpectedly or tragically.

When Is a Memorial Fund a Good Idea?

In the event of the death of a breadwinner, a memorial fund can help alleviate the financial stress of family members while they piece together their lives again. Sometimes the best thing to do to share your condolences and really show how much you care is to invest in the future of those who are most deeply affected by the tragedy. Funerals and burials are hectic and full of people showing their support, but what about after the funeral is over? A memorial fund is a great way to continue that attitude of support even after the ceremonies are through.

Many times memorial funds are helpful to families who are left with overwhelming medical bills. When a child or parent has a terminal illness or condition and then passes away, their loved ones are left mourning and buried in expenses they may not be able to pay. Though flowers and phone calls are a kind way to show you care, what these families really need is assistance. Financial debts, especially medical bills, can cause intense stress and anxiety—on top of the depression of losing a loved one. A memorial fund set up in the name of the deceased can relieve much of that stress and anxiety and help the family move past their tragedy at a normal pace.

It is also possible to set up a memorial fund in someone’s name but for a charitable cause. Starting a fund that promotes a quality of the deceased’s personality or furthers a cause they believed in is a beautiful way to honor their memory. A memorial fund can be used as a scholarship, to help fund research for a cure (perhaps for a disease from which the deceased suffered), or to create a tribute piece like a bench or monument in their name.

How Do I Set Up a Memorial Fund?

There are many resources that can be found online with detailed instructions on how to set up a fund through a website. This is probably the most convenient way to start a memorial fund since everyone has access to the internet these days. The best time to set up this memorial fund is before the funeral services. This way, people can donate to the fund before and during the services in lieu of flowers or other tributes.

If you’re considering honoring a loved one by setting up a memorial fund, do some further research on trusted sites like these:

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