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.
Oregon Revocable Funeral Trust — Prearranged Funeral Trust Account is a specialized financial arrangement that allows individuals to plan and fund their own funeral expenses in advance. This trust account ensures that funds are set aside and safely invested to cover funeral costs in the future. By prearranging and funding their funeral, individuals have peace of mind knowing that their final wishes will be followed and their loved ones will be relieved from the financial burden associated with organizing a funeral. There are different types of Oregon Revocable Funeral Trust — Prearranged Funeral Trust Accounts available to cater to various preferences and needs. Some common types include: 1. Traditional Funeral Trust Account: This type of trust account is designed to cover all the expenses associated with a traditional funeral service, including funeral home charges, burial or cremation costs, transportation, embalming, and other associated fees. 2. Cremation Trust Account: This specific trust account is tailored towards individuals who have chosen cremation as their preferred method of disposition. It covers all expenses related to cremation, including the cremation process, urns, crematory fees, and other associated costs. 3. Memorial Service Trust Account: A memorial service trust account is suitable for individuals who prefer memorial services to traditional funerals. It covers expenses related to memorial services, such as venue fees, floral arrangements, tribute videos, and other memorial-specific costs. 4. Burial Trust Account: This type of trust account is specially designed to cover the costs of burial, including casket expenses, burial plot fees, grave markers, and any related costs specific to burial arrangements. 5. Green/Natural Burial Trust Account: For those who wish to have an environmentally friendly burial, a green or natural burial trust account is available. It covers expenses associated with green burial practices, such as biodegradable caskets, eco-friendly burial grounds, and other environmentally conscious options. By utilizing an Oregon Revocable Funeral Trust — Prearranged Funeral Trust Account, individuals can ensure that their final wishes are respected while also providing financial security for their loved ones. It is important to consult with a qualified financial advisor or attorney to understand the specific terms and conditions of the trust account and to ensure it aligns with individual needs and preferences.
