Ohio Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits

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Multi-State
Control #:
US-01333BG
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Word; 
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Description

This is an agreement between the funeral home and an individual for the purpose of pre-arranging a funeral. The agreement specifies who the arrangements are for, what exactly the funeral home will provide at the time of death and how much money the patron paid to the funeral home to provide the arrangements.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits
  • Preview Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits
  • Preview Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits

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FAQ

Funeral services contract This contract lets you choose the services to be provided after you pass away, such as the ceremony, embalming or cremation. The contract can also include the purchase of goods, such as a coffin, urn or headstone.

A funeral director can sell both types of contracts, but a cemetery cannot sell a preneed funeral contract that includes funeral services. Both types of contracts can be either revocable or irrevocable. Under revocable contracts, you can get most of your money back if you change your mind even years after the purchase.

The term preneed, for example, means a type of arrangement where you pay for funeral products and services in advance. You enter into a preneed contract with a particular funeral provider, such as a funeral home or cremation service.

A prepaid funeral contract is a legal agreement that says you will pay now for funeral services that will be needed in the future. You can pay with money, insurance, or an investment that you own.

There are a number of possible disadvantages of purchasing a pre-paid funeral or cremation plan, including: Business Stability of the Funeral Home. Pre-paid funeral or cremation plans are only as dependable as the funeral home offering them. ... Not Portable. ... Inflexible Contract. ... State Laws Differ.

Under the new law, when there's money left over from fulfilling a preneed funeral contract, the funeral provider must put it into a trust or buy insurance to pay for other preneed funerals.

You can pay for a funeral plan in monthly instalments or a lump sum if you would prefer. Choosing a monthly funeral plan allows you to spread the cost of your funeral over a duration that suits you and your budget.

What is a funeral bond? A funeral bond is an investment offered by a friendly society or life insurance company to allow you to set aside money to cover your funeral costs. A funeral bond provides benefits only upon the death of the nominated person and cannot be accessed earlier.

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Ohio Prearranged Funeral Contract with Appointment of Funeral Director as Attorney-in-Fact to Collect all Burial and Funeral Benefits