Pennsylvania Sec.3101 Payments to Family and Funeral Directors — Section (b) Deposit Accounts are accounts that are established to facilitate the transfer of money to pay funeral expenses. These accounts are used to provide funds to family members or funeral directors to cover funeral and burial costs in Pennsylvania. They are typically established upon the death of an individual, with the funds coming from the estate of the deceased. There are two types of Pennsylvania Sec.3101 Payments to Family and Funeral Directors — Section (b) Deposit Accounts: 1. Revocable Accounts: These accounts are established with funds that can be withdrawn or changed at any time by the account holder. The funds remain in the account until the funeral expenses are paid. 2. Irrevocable Accounts: These accounts are established with funds that cannot be changed or withdrawn until the funeral expenses are paid. The funds are held in the account until the funeral expenses are paid in full.
Pennsylvania Sec.3101 Payments to Family and Funeral Directors - Section (b) Deposit Accounts
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