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Documents |
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Once you have made
the decisions and paid the funeral cost, tell your family. Share
with them what you have done and why it is important. Give a
trusted member of your family a complete copy of all documents
concerning your arrangements and the prepaid funeral contract.
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Deposit of
Money |
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The funeral director
is required to deposit your money into a Pre planning account
for your benefit. This money will remain on deposit until the
time of your death or a request to cancel the contract.
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Taxes |
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If your account
requires the payments of taxes on the income earned, you will
receive an INS 1099 for your record. If you do not file income
tax, you do not have to file the report.
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Receipt |
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You ill receive a
receipt and documentation listing all the information concerning
your account.
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Guaranteed
versus Non-guaranteed
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If your contract is
guaranteed and the choices of services and merchandise is paid
in full and not changed, no additional money will be required
for those items which are guaranteed.
On a non-guaranteed agreement, your family is responsible for
any difference between the current charges at the time of the
funeral and the amount in the ESCROW account.
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Cancellation
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You have thirty
days to review your account and may cancel within this time
for a full refund. After thirty days you will encounter some
fees to cancel your account. On contracts certified
“irrevocable” it cannot be canceled for any reason. Upon request
the funeral director can transfer the contract to another
funeral home.
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When
Death Occurs
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Due to the fact that
you have made arrangements in advance and pre-paid your funeral,
your family should call Ware Smith Woolever upon your death.
This must be done even if death occurs away from your home
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Transferable
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Your pre-paid
funeral has been established for your benefit and can be
transferred to any other funeral home of your choice at anytime.
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It’s
the Law
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These standards and
requirements are established by the Pre-paid Funeral Contract
Funding Act 255 of 1986.
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Questions
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If you have any
questions concerning your arrangements or pre-need account,
please
contact your funeral director with whom you
made the pre-arrangements.
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