A Preened Endowment Care Cemetery Trust Agreement — Board of Trustees is a legal document that outlines the fiduciary responsibilities of the board of trustees in managing funds for the endowment care of a cemetery. This agreement is established in order to ensure that the cemetery is properly maintained for the future and that the funds are used appropriately. There are two main types of Preened Endowment Care Cemetery Trust Agreement — Board of Trustees: perpetual care and restricted care. Perpetual care trust agreements provide perpetual funding for the cemetery’s upkeep and maintenance, while restricted care trust agreements provide funding only for specific types of maintenance, such as landscaping and monuments. The agreement outlines the duties of the trustees, such as the selection and oversight of investment advisers, the oversight of the cemetery's operations, the management of the trust fund, and the oversight of any cemetery expansion. It also outlines the terms of disbursement and the responsibilities of the trustees in the event of a dispute.
Preneed Endowment Care Cemetery Trust Agreement - Board of Trustees
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