Prepaid Funeral Deposit Agreement

Prepare a Prepaid Funeral Deposit Agreement with this ready-made template.

The Agreement is made between a provider of funeral services (such as a funeral home) and a financial institution which will act as trustee and will hold and administer deposits paid by customers of the funeral service provider who wish to pre-arrange and prepay for funeral services.

Provisions of the Agreement include:

how deposits are to be made and held on behalf of the customers;
record keeping and monthly statements to be prepared by the trustee;
investment of deposit funds;
procedure for withdrawing deposits;
the trustee has no fiduciary duty to customers of the funeral service provider;
assignment of funds to a third party in the event of a sale or transfer of the business;
the trustee is responsible for providing tax information as required;
indemnification of the trustee by the funeral home;
termination of the agreement by either party.

This Prepaid Funeral Deposit Agreement is provided in MS Word format and is fully editable to meet your needs.