A common form of funding and funeral pre-arrangement is through a funeral trust agreement. This is a contract between the funeral home and an individual for the purpose of pre-arranging a funeral. The agreement specifies who the arrangements are for, what exactly the funeral home will provide at the time of death and how much money the patron paid to the funeral home to provide the arrangements.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Cook Illinois Revocable Funeral Trust, also known as the Prearranged Funeral Trust Account, is a specialized financial arrangement designed to help individuals and families pre-plan and fund their funeral expenses. This trust account is offered by Cook Illinois Corporation, a trusted provider in the funeral industry for over three decades. What sets the Cook Illinois Revocable Funeral Trust apart is its revocable nature, which allows the account holder to make changes or cancel the trust at any time. This flexibility ensures that the account holder can adapt their funeral plans to evolving needs and preferences. The trust is structured to protect the funds and ensure they are used exclusively for funeral expenses, providing peace of mind for both the account holder and their loved ones. Through the Cook Illinois Revocable Funeral Trust, account holders can establish a dedicated fund to cover various funeral-related costs. These costs may include funeral home services, embalming, casket or urn selection, transportation, memorial services, burial or cremation fees, and other related expenses. By prearranging and funding these expenses in advance, individuals can alleviate the financial burden on their family members and ensure their final wishes are carried out as desired. Cook Illinois Corporation offers several types of Revocable Funeral Trust accounts tailored to meet different personal preferences and financial situations. Some variations include: 1. Single Pay Trust: A trust designed for those who prefer to fund their entire funeral expenses in a lump sum payment. 2. Monthly Installment Trust: Ideal for individuals who wish to contribute to their funeral trust over a period of time with regular monthly payments. 3. Insurance Assignment Trust: This trust account allows individuals to assign the benefits of their existing life insurance policies towards their funeral expenses. It offers flexibility for those who already hold life insurance coverage. 4. Combination Trust: A customized approach that combines different funding methods, such as a lump-sum payment and monthly installments, to suit unique financial circumstances. The Cook Illinois Revocable Funeral Trust — Prearranged Funeral Trust Account offers individuals an opportunity to ensure their funeral arrangements are well-planned, funded, and ready for when the time comes. By choosing this trust account, account holders can alleviate the financial burden on their loved ones and have the peace of mind that their final wishes will be respected.The Cook Illinois Revocable Funeral Trust, also known as the Prearranged Funeral Trust Account, is a specialized financial arrangement designed to help individuals and families pre-plan and fund their funeral expenses. This trust account is offered by Cook Illinois Corporation, a trusted provider in the funeral industry for over three decades. What sets the Cook Illinois Revocable Funeral Trust apart is its revocable nature, which allows the account holder to make changes or cancel the trust at any time. This flexibility ensures that the account holder can adapt their funeral plans to evolving needs and preferences. The trust is structured to protect the funds and ensure they are used exclusively for funeral expenses, providing peace of mind for both the account holder and their loved ones. Through the Cook Illinois Revocable Funeral Trust, account holders can establish a dedicated fund to cover various funeral-related costs. These costs may include funeral home services, embalming, casket or urn selection, transportation, memorial services, burial or cremation fees, and other related expenses. By prearranging and funding these expenses in advance, individuals can alleviate the financial burden on their family members and ensure their final wishes are carried out as desired. Cook Illinois Corporation offers several types of Revocable Funeral Trust accounts tailored to meet different personal preferences and financial situations. Some variations include: 1. Single Pay Trust: A trust designed for those who prefer to fund their entire funeral expenses in a lump sum payment. 2. Monthly Installment Trust: Ideal for individuals who wish to contribute to their funeral trust over a period of time with regular monthly payments. 3. Insurance Assignment Trust: This trust account allows individuals to assign the benefits of their existing life insurance policies towards their funeral expenses. It offers flexibility for those who already hold life insurance coverage. 4. Combination Trust: A customized approach that combines different funding methods, such as a lump-sum payment and monthly installments, to suit unique financial circumstances. The Cook Illinois Revocable Funeral Trust — Prearranged Funeral Trust Account offers individuals an opportunity to ensure their funeral arrangements are well-planned, funded, and ready for when the time comes. By choosing this trust account, account holders can alleviate the financial burden on their loved ones and have the peace of mind that their final wishes will be respected.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
