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CHAPTER 523A CEMETERY AND FUNERAL MERCHANDISEAND FUNERAL SERVICESReferred to in 87.4, 144C.4, 144C.6, 156.12, 296.7, 331.301, 364.4, 505.28, 505.29, 523I.212, 523I.306, 523I.312, 523I.314, 555A.1,
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01
Gather necessary personal information, including names, addresses, and Social Security numbers.
02
Obtain the burial trust fund application form from the provider.
03
Review and understand the terms and conditions of the burial trust fund.
04
Fill out the personal information section accurately.
05
Specify the amount of money you wish to allocate to the trust fund.
06
Choose the type of burial or memorial services you want covered.
07
Provide the names of beneficiaries or individuals who will manage the fund.
08
Review your application for completeness and accuracy.
09
Submit the application along with any required documentation or payment.
10
Keep a copy of the completed application and any correspondence for your records.

Who needs burial trust fund does?

01
Individuals who want to pre-arrange and pre-fund their burial expenses.
02
Families looking to relieve the financial burden on loved ones after their passing.
03
Those with specific wishes for burial or memorial services to ensure they are honored.
04
People seeking to protect their assets from being depleted by burial costs.

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A burial trust fund is a financial arrangement that allows individuals to set aside money for their burial and funeral expenses, ensuring that these costs are covered upon their death.
Typically, individuals who wish to pre-plan their funeral expenses or those seeking to qualify for certain government benefits may be required to set up and file a burial trust fund.
To fill out a burial trust fund, individuals must complete the necessary forms provided by a financial institution or funeral home, providing personal information, the amount being deposited, and specifying that the funds are designated for burial expenses.
The purpose of a burial trust fund is to ensure that funds are available for funeral and burial expenses, to alleviate financial burden on surviving family members and to guarantee that the individual's wishes regarding their burial are honored.
Information that must be reported on a burial trust fund typically includes the name and contact information of the account holder, the amount of money deposited, the intended use for the funds, and the beneficiary information.
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