The cost of raising children is discussed often. However, the cost of dying is something to be considered as well. Preparing for death requires informed decisions, says the article “What does it cost to die in America? Search your Zip code,” from The Washington Post.
There are three types of expenses: elder care costs, funeral expenses and potential taxes. Where you live, your financial situation and health are all factors to consider.
Elderly care takes many different forms. The most expensive is long-term care, such as living in a nursing home or hiring a caregiver at home when family members need help. Medicare does not cover long-term care, which many people don’t realize until they apply for financial assistance. Medicaid covers nursing home costs for most people. However, whether you qualify depends on your location and income level.
Federal data says 7 in 10 people over age 65 will need long-term care, and most will need it for about three years. For someone receiving unpaid care at home for one year, a paid non-medical caretaker at home for another year and then moving to a facility for a third year, the total quickly adds up to more than $180,000 in long-term care expenses. Costs are almost always higher in locations with higher housing costs.
The cost of dying must include an assessment of funeral costs. This includes purchasing a funeral plot and funeral expenses, including memorial services, coffins, etc. Emotional stress makes it difficult to make clear decisions, and people very often spend far more than is necessary. A recent survey of 1,000 people said the total cost of most funerals was about $12,600. If your intention is to be buried, buying a plot in advance is a kindness to loved ones. Purchasing a small life insurance policy to cover the cost of the funeral is another option. Telling them about the finances for a funeral will spare them additional costs and grief.
Death and taxes are said to be inevitable. However, estate planning to address taxes could minimize the latter. Most Americans don’t have to worry about federal taxes, as the federal estate tax exemption is now permanent at $15 million. Twelve states and the District of Columbia still have estate taxes. In some states, such as Oregon, state estate taxes begin at $1 million, while Connecticut has a state estate tax threshold of $13.99 million.
Five states still have an inheritance tax, based on the relationship to the deceased. Spouses are exempt in most states. However, heirs are not. These states are Pennsylvania, New Jersey, Nebraska, Kentucky and Maryland.
Planning for aging and death includes estate planning. Having a will prevents the family from months or years of protracted struggle to settle an estate, from paying more in taxes or court costs than necessary and from creating unnecessary stress between family members. A professionally prepared Power of Attorney, Healthcare Power of Attorney and advance directives will allow loved ones to act in case of incapacity without having to go to court to obtain guardianship or be named a conservator. All of these are part and parcel of being a responsible adult and taking steps so loved ones aren’t left to pick up the pieces. This is how legacies of love are built.
Talking about aging and dying is not a cheery subject. However, being prepared is a kindness to loved ones. Without planning, nursing home or funeral costs can overwhelm a surviving spouse or family members. Creating a legacy of love includes planning for the inevitable events of life and death.
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Reference: The Washington Post (March 15, 2026) “What does it cost to die in America? Search your Zip code”
