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.