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24 Aug 2014, 9:48 am
A few weeks ago, we discussed the need to offer to consumers new preneed funding options, and outlined the various administrative hurdles faced by funeral homes that rely upon trust funding. [read post]
8 Oct 2009, 11:20 am
The funeral director’s decision about how to fund his preneed is influenced by the state’s trusting requirement, investment returns, administrative convenience and the volume of preneed business. [read post]
19 Apr 2015, 9:23 am
The trust funded portion of the contract should only describe those services and merchandise to be paid by the trust. [read post]
17 Apr 2019, 6:30 am
The post 5 Key Terms That Define Professional Administration Contracts appeared first on Work Comp Roundup. [read post]
5 Sep 2016, 8:07 am
A preneed trustee must look to trust income to fund trust administrative expenses. [read post]
7 Aug 2014, 7:41 am
For funeral homes that rely upon trust funded preneed, installment options and/or non-guaranteed options require administration that becomes too complex for the spreadsheet software that opened the door to self-administration. [read post]
10 Feb 2008, 9:45 pm
The Trust Fund shall contain such amounts as are credited to the Trust Fund under paragraph (2) and other funds obtained under paragraph (3) [read post]
7 Mar 2013, 2:38 pm
The manager runs the trust and enters into contracts related to management and administration, while the trustee holds the assets and enters into contracts related to asset safekeeping. [read post]
23 Apr 2012, 10:30 am
On April 13, 2012, as a result of the February 14, 2012 passage of the Federal Aviation Administration Modernization and Reform Act of 2012 (“FMRA”), the Federal Aviation Administration (“FAA”) proposed modifications to the “grant assurances” incorporated into FAA’s contracts with airports that receive FAA funding for physical improvements and/or noise compatibility purposes. [read post]
20 Jul 2015, 8:59 am
If the Missouri program were being administered pursuant to common trust fund rules, there should not be any surplus under the facts stated by the program’s executive director. [read post]
15 Jan 2011, 8:46 am
That represents 555 preneed contract fees that must be borne by the seller, not the trust or the preneed consumers. [read post]
8 Jul 2012, 10:33 am
But insurance funding is predicated on the contract being performed at death. [read post]
8 Jul 2012, 10:33 am
But insurance funding is predicated on the contract being performed at death. [read post]
9 May 2013, 7:51 am
The court also found that a trust clause which allowed a trustee to fund litigation costs from the trust in cases of unintentional misconduct did not defeat the arbitral provision because, First, to the extent the two provisions conflict, the arbitration provision—by its own terms—prevails over “anything herein to the contrary. [read post]
28 Oct 2013, 7:58 am
[Many states impose limitations on the size of the preneed contract.] [read post]
17 Mar 2022, 11:17 am
Businesses hoping to cash in on Department of Defense (“DOD”) appropriations in the Consolidated Appropriations Act, 2022 (“CAA”) signed into law on March 15, 2022 by contracting with DOD to perform functions currently performed by DOD civilian employees better budget to pay employer health plan contributions for workers that will perform the contracted services at the same rate as DOD would pay for services performed by its civilian employees. [read post]
1 May 2017, 9:58 am
But, another cause for accounts that have a “principal” amount in excess of the preneed contract sales price is the spend down situation where the public administrator continues to add funds to a contract that is already paid in full. [read post]
27 Jun 2015, 10:33 am
Consequently, it seems odd that executives for the Missouri Funeral Trust would use the circumstances of the Wisconsin and California master trusts to distinguish their own program, and to then file a lawsuit declaring confidential and proprietary all trust documents, client lists and investment contracts. [read post]
18 Jul 2008, 4:32 pm
As Missouri re-writes its preneed law, consumers should be afforded a meaningful choice between the guaranteed contract or the non-guaranteed, 100% funded contract. [read post]
18 Sep 2010, 2:32 pm
With trust-funded preneed, funeral homes either act as their own ‘seller’ or they contract with a third party sales organization. [read post]
