This is an agreement 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 Oklahoma Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits is a legal document that allows individuals to make arrangements for their funeral and burial in advance. This contract ensures that the individual's wishes are followed and provides financial protection for their loved ones. In Oklahoma, there are different types of prearranged funeral contracts with the appointment of a funeral director as an attorney-in-fact to collect all burial and funeral benefits. These contracts include: 1. Preened Funeral Insurance Contract: This type of contract allows individuals to pay premiums over time to cover the cost of their funeral expenses. The insurance company then pays out the agreed-upon amount to the funeral director upon the individual's death, ensuring that funds are available for their funeral services. 2. Irrevocable Funeral Trust Agreement: This agreement involves depositing funds into an irrevocable trust account specifically designated for funeral expenses. Once the individual passes away, the funeral director can access the funds to cover the expenses outlined in the contract. 3. Assignment of Life Insurance Policy: This type of contract involves assigning an existing life insurance policy to the funeral director, who acts as the attorney-in-fact to collect the burial and funeral benefits upon the individual's death. The policy's death benefits are then used to cover the agreed-upon funeral expenses. The Oklahoma Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits is designed to give individuals peace of mind knowing that their funeral arrangements will be carried out according to their wishes. It also relieves their loved ones from the financial burden of arranging and paying for funeral services after their passing. By utilizing these prearranged funeral contracts, individuals can take control of their final arrangements and ensure that their funeral expenses are covered. The appointment of a funeral director as attorney-in-fact provides an added layer of security, guaranteeing that the designated funds will be used exclusively for funeral and burial purposes. Overall, the Oklahoma Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits provides individuals with a comprehensive and legally binding way to plan their funeral arrangements and alleviate the financial burden on their loved ones.
