A Google search of “state funeral association master trust” will return hyperlinks to dozens of state funeral director associations. In the 1970’s, funeral associations began establishing master preneed trusts as an alternative to passbook savings accounts. As preneed gained acceptance with funeral directors, the associations saw the opportunity to provide administration and create a revenue
permanent maintenance
An Update to the Cemetery Unitrust Movement: a few more states but lagging interest on the part of cemeteries
By Bill Stalter on
Posted in Care Funds, Cemeteries
It has been three years since we last posted about those states that have passed laws allowing cemetery trusts to take a unitrust election. Since then, Arizona, California and Indiana have joined the list. The movement towards fixed care fund distributions has not caught on as quickly as some thought when the concept was introduced…
Grantor Care Funds: Too Small to Pay for Flowers
By Bill Stalter on
It would be my assumption that the majority of the country’s cemeteries do not maintain a trust for the maintenance and care of its graves. While this may differ from state to state, most states’ perpetual care statutes exempt small family cemeteries, not for profit cemeteries, municipal cemeteries, county cemeteries and church cemeteries from their…