Over the weekend, my siblings and I bit the bullet and moved most of the money from our father’s estate account into our own accounts. We set up a joint account to pay for all the expenses we incur from keeping the house.
It cost about $12,000 a year to maintain a house in the Greater Vancouver area. This includes paying property tax, house insurance, alarm monitoring system, lawn maintenance, electricity and gas. Continue reading
I bought my first life insurance policy when I was 26 years old. I bought it at the time because my mom was on a very expensive medication for her terminal illness ($3,000 CAD a month). Health care did not cover the cost of the medication. I was worried that if something happened to me, they will, at least, have the money to cover the cost of her medication.
I was aghast by the cost of my father’s funeral. Now that I looked back, could it be cheaper? Yes, definitely! At the time of grief and shock, the last thing that was on my mind was to look at the nitty gritty details of the cost of my father’s funeral. A lot of costs were spent on a whim because we knew that there was money in the estate to take care of the cost.
It took us at least 3 hours to go through and pick out the services we want at the funeral home. To be honest, we really just want to get out of there as soon as possible.
Here is the breakdown of the cost: