With regards to preplanning for funeral arrangements, there are a lot of questions. What I am going to attempt to do is clarify any questions and allow for further discussions if you would like to contact us or email us.

Important facts of Pre-Need:

1. Maryland state law requires that funeral homes deposit of minimum of 80% of preneed funds into a federally insured banking institution. We, as a practice, deposit 100% of all moneys for preneed, foregoing any commission on these accounts.
   
   
2. When an Irrevocable Trust Agreement is established between the funeral home and the purchaser, the moneys are escrowed into an account under both names and the purchasers Social Security Number. However, these funds are not considered an asset to us as regards to government benefits and taxation.
   
   
3. All Moneys in an Irrevocable Trust belong to the purchaser and are intended for their burial purposes only, these moneys cannot be refunded to the person at the time of death.
   
   
4. When a fully funded pre-planned funeral contract has been signed, no further moneys will be required. When stating fully funded, this is when, the full amount of the funeral is paid in cash, insurance policies do not act as cash, the interest that is gained is used to offset the cost of inflation, therefore allowing us to offer the same merchandise in the future for no difference in cost. The reason insurance does not constitute a fully funded contract is because some insurance companies do not pay dividends and interest to the policy holders, therefore never gaining in value.
   
   
5. Any person wishing to transfer their preneed funds to another funeral home, in or out of state, is entitled to 100% of their initial funds and any interest that account has earned.