What is an Irrevocable Burial Trust?
Pennsylvania Law requires that 100% of funeral pre-payments be deposited in a Pennsylvania banking institution or approved insurance program.
Our funeral home has an interest bearing master trust program into which pre-paid funds are deposited. Funds deposited into this trust, are accounted for by an individual’s name and social security number. The preneed trust is invested in high quality, income generating Government Obligation and Government Agency Bonds. Interest that is earned stays with the account. This is to offset the rising funeral costs due to inflation, and to pay necessary taxes and fees. The funds that are deposited and any accumulated interest will be released only on the presentation of a certified copy of the Death Certificate.
Please contact us if you need further explanation, or have any additional questions.