Sunday, August 10, 2014
With the median cost of funerals over $7,000, families that are unexpectantly faced with the high cost after the sudden death of a family member may look to creative solutions to cover the cost. One option increasing in popularity is online crowdfunding. Crowdfunding websites allow for the family to create an online donations campaign. Sites that have become popular for funeral campaigns include GoFundMe.com and YouCaring.com. It is important for campaign creators to be honest and clear about the purpose and intentions for the donations, and to keep in mind that state and federal laws apply to the donation campaign promises.
See Kayleigh Kulp, Crowdfunding Funerals: What You Need to Know, Fox Business, August 8, 2014.