The ICCFA’s November Magazine included an article by Craig Martin that provides good advice for all death care trusts. Death care trusts are notoriously bad performers, and if operators are to improve investment performance they need to work more closely with their fiduciaries and portfolio managers. Mr. Martin offers 5 tips that are equally applicable to preneed trusts and endowment care trusts:

  1. Know your investment guidelines (and statutory limitations)
  2. Communicate with the investment manager on a regular basis
  3. Use a professional fund manager
  4. Include growth in the asset allocation
  5. Explore the availability of a master trust