Oh, you didn’t know?
If a dad dies, the sons come up with that money upfront. All that before any life insurance proceed is disbursed. If there’s no life insurance, then you lose your own money on it because that’s family.
If there are three sons, each comes up with 10K. If 2, then each comes up with 15K. If 6 sons, 5K each.
See? It’s good to have more male siblings.
The daughters are out. No responsibility unless they contribute voluntarily.
If mom dies, same thing.
If someone else dies, the circle of relatives pitch in from their pockets in small amounts like $50.00, $200.00, whatever each wants to contribute or from that family-invested account.
Thanks for the insight. I didn’t know there were different options, especially for traditional Hmong funerals. I’ve been to a funeral discussion where the primary family didn’t have enough money to cover the cost and the outer family straight out and said that if there isn’t at least $30k then the funeral can not proceed. $30k is practically a car, so to hear that it was needed right away is pretty daunting. Like how do you even collect $30k for a funeral?