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A cemetery plot is purchased and can be re-sold, so yes, it has value and is an asset. At least until it is occupied, at which point it still belongs to the family but has no resale value.
Generally speaking, when you purchase a cemetery plot, it does not expire, and it will always be yours. However, there are a few things to keep in mind. First, it's important to point out that when you purchase a burial plot, you are not purchasing the land itself.
Unlike traditional real estate, burial plots are not owned outright by the purchaser. Instead, the cemetery maintains ownership of the land, while the plot holder acquires the right to use the space for burial purposes.
In most cases, when you purchase a cemetery plot, it's yours forever. However, certain states, such as Florida, have a policy allowing the repossession of cemetery plots.
How do I transfer ownership of a cemetery plot in California? This usually requires nothing more than a simple phone call, but your county clerk can verify for you whether or not the deed has been filed.