An Endowment Care Cemetery Trust Agreement is a contract between a cemetery and an individual which provides for the perpetual care of a cemetery plot. This agreement typically involves the individual transferring funds to the cemetery in exchange for the cemetery's promise to provide ongoing maintenance and services for the cemetery plot. The cemetery is responsible for the upkeep of the plot, including mowing, trimming, and general landscape upkeep, as well as additional maintenance services such as monument cleaning and repair. There are two types of Endowment Care Cemetery Trust Agreements: prefunded and post-funded. Pre-funded agreements require the individual to pay the full amount of the trust upfront, while post-funded agreements require payment of a portion of the trust upfront with the balance due at the time of death. The individual's estate is then responsible for payment of the balance.
Trust Fund Meaning
Description Endowed Cemetery Meaning
How to fill out Endowment Care Cemetery Trust Agreement?
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