The care fund trust is a source of frustration for most cemetery operators. Rather than offsetting maintenance expenses, the care fund is a state-mandated money pit. A percentage of grave sales must be deposited to trust with little or no income being paid back to the cemetery by the trustee. For the average-sized care fund
permanent maintenance trust
Diversification, the Unitrust Election and the Power to Adjust: Reviving Cemetery Care Funds
By Bill Stalter on
We believe three fiduciary powers are crucial to reviving cemetery care funds: investment diversification, unitrust elections and the power to adjust. It has been more than 12 years since we first posted about the need to repair cemetery care funds (Cemetery Endowed Care Funds and the Fixed Income Investment). That post touched on…