Illinois Special Cemetery Gift Trust Fund

• Category: Trusts - Cemeteries
• State: Multi-State
• Control #: US-00767BG
• Format: Word; Rich Text

Description

The following form is a sample of a possible trust fund set up by family members of people interred in a cemetery who wish to restore the cemetery and provide for its maintenance. Illinois Special Cemetery Gift Trust Fund, also known as the Illinois Cemetery Care Fund or Illinois Special Gifts Trust Fund, is a specialized financial program established by the state of Illinois to ensure the perpetual care and maintenance of cemeteries. This fund is designed to provide a reliable source of income for the preservation and beautification of cemeteries, including grave sites, monuments, and grounds, even after the cemetery's owner or operator is no longer able to maintain it. The Illinois Special Cemetery Gift Trust Fund operates through the Illinois Department of Financial and Professional Regulation (ID FPR) and is regulated under the Illinois Cemetery Care Act. It serves as a trust fund where individuals, families, or organizations can contribute money or assets to support the long-term care of cemeteries, ensuring that they remain dignified and well-maintained for future generations. There are two main types of Illinois Special Cemetery Gift Trust Funds: 1. Pre-seed Trust Fund: This fund allows individuals to prefund their own burial expenses and ensure the long-term upkeep of their chosen cemetery. By making financial contributions in advance, individuals can secure their desired burial arrangements and provide peace of mind that their final resting place will be cared for indefinitely. The Pre-seed Trust Fund strictly follows the Illinois Cemetery Care Act guidelines and regulations. 2. Perpetual Care and Maintenance Fund: This fund is established to support the ongoing maintenance and preservation of cemeteries for the public. It accepts both private contributions and transfers from abandoned or neglected cemetery trust funds. These funds enable the ID FPR to allocate resources for lawn care, landscaping, monument repairs, and overall cemetery enhancement, ensuring that these sacred grounds remain dignified and well-managed. Contributions to the Illinois Special Cemetery Gift Trust Fund can be made in various forms, including cash, stocks, real estate assets, or insurance policies. The fund is overseen by dedicated trustees who manage the financial aspects and ensure that the contributions are used solely for the perpetual care and maintenance of cemeteries. In summary, the Illinois Special Cemetery Gift Trust Fund is a crucial program in Illinois, created to protect and preserve cemeteries by ensuring their long-term maintenance and improvement. By offering both pre-seed and perpetual care options, this fund allows individuals to plan for their own burial needs while also contributing to the care of public cemeteries. It stands as a testament to the state's commitment to honoring its past and providing a dignified resting place for future generations.

Illinois Special Cemetery Gift Trust Fund, also known as the Illinois Cemetery Care Fund or Illinois Special Gifts Trust Fund, is a specialized financial program established by the state of Illinois to ensure the perpetual care and maintenance of cemeteries. This fund is designed to provide a reliable source of income for the preservation and beautification of cemeteries, including grave sites, monuments, and grounds, even after the cemetery's owner or operator is no longer able to maintain it. The Illinois Special Cemetery Gift Trust Fund operates through the Illinois Department of Financial and Professional Regulation (ID FPR) and is regulated under the Illinois Cemetery Care Act. It serves as a trust fund where individuals, families, or organizations can contribute money or assets to support the long-term care of cemeteries, ensuring that they remain dignified and well-maintained for future generations. There are two main types of Illinois Special Cemetery Gift Trust Funds: 1. Pre-seed Trust Fund: This fund allows individuals to prefund their own burial expenses and ensure the long-term upkeep of their chosen cemetery. By making financial contributions in advance, individuals can secure their desired burial arrangements and provide peace of mind that their final resting place will be cared for indefinitely. The Pre-seed Trust Fund strictly follows the Illinois Cemetery Care Act guidelines and regulations. 2. Perpetual Care and Maintenance Fund: This fund is established to support the ongoing maintenance and preservation of cemeteries for the public. It accepts both private contributions and transfers from abandoned or neglected cemetery trust funds. These funds enable the ID FPR to allocate resources for lawn care, landscaping, monument repairs, and overall cemetery enhancement, ensuring that these sacred grounds remain dignified and well-managed. Contributions to the Illinois Special Cemetery Gift Trust Fund can be made in various forms, including cash, stocks, real estate assets, or insurance policies. The fund is overseen by dedicated trustees who manage the financial aspects and ensure that the contributions are used solely for the perpetual care and maintenance of cemeteries. In summary, the Illinois Special Cemetery Gift Trust Fund is a crucial program in Illinois, created to protect and preserve cemeteries by ensuring their long-term maintenance and improvement. By offering both pre-seed and perpetual care options, this fund allows individuals to plan for their own burial needs while also contributing to the care of public cemeteries. It stands as a testament to the state's commitment to honoring its past and providing a dignified resting place for future generations.