Obituaries
Service Options
Locations - Maps
Consumer Info
preplan.htm
Resources
Grief Support
Frequently Asked Questions
Community Info
History - Staff

 


A funeral trust is set up to fund funeral expenses in advance. A funeral trust is funded by a certificate of deposit which is purchased at a local bank in the amount of the funeral services selected. There are three parties to this trust, the individual, the funeral home and the bank acting as trustee. Interest earned on the C.D. remains in the trust and covers future funeral price increases. A trust is preferred by families who are financially able to pay the full amount of the funeral service in one lump sum. Money held in an irrevocable burial trust is considered an exempt asset in determining qualification for title XIX benefits. For more information on burial trusts, please contact one of the directors at the funeral home or by E-Mail.

 

 

Obituaries Locations/MapsConsumer InfoPre-Planning Resources
Grief Support Community InfoFAQ'sHistory/Staff
Home

©2002 Phillips Funeral Homes. All rights reserved.
Site designed by Back Alley Designs.