Prepaid Funeral Deposit Agreement

Prepare a Prepaid Funeral Deposit Agreement with this customizable template.

• The parties are (i) a provider of funeral services (such as a funeral home) and (ii) a financial institution which will act as trustee and will hold and administer deposits paid by customers of the funeral service provider who wish to pre-arrange and prepay for funeral services.
• The trustee will prepare monthly statements and provide records of all deposits received.
• The trustee has no fiduciary duty to customers of the funeral service provider.
• The trust funds may be assigned to a third party in the event of a sale or transfer of the business.
• The trustee is responsible for providing tax information as required.
• The trustee is indemnified by the funeral home.