Prepaid Funeral Deposit Service Agreement

Use this template to prepare a Prepaid Funeral Deposit Service Agreement. The Agreement is made between a provider of funeral services (such as a funeral home) and 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. Provisions of the Agreement include:

• how deposits are to be made and held on behalf of the customers;
• record keeping and monthly statements to be prepared by the trustee;
• investment of deposit funds;
• procedure for withdrawing deposits;
• the trustee has no fiduciary duty to customers of the funeral service provider;
• assignment of funds 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;
• indemnification of the trustee by the funeral home;
• termination of the agreement by either party.

This Prepaid Funeral Deposit Service Agreement is provided in MS Word format and is fully editable to meet your needs.