Preneed Trusts Few cemeteries offer preneed because of the complexity of accounting for a sale that can include an interment right, a memorialization product and products/services that cannot be delivered until the time of need.  Interment right sales represent an immediate cash flow to the cemetery because delivery can be made at any time the conditions of the contract are fulfilled.  Memorialization products can be delivered immediately, but most often delivery is deferred (which typically triggers trusting requirements).   Some products/services (such as an opening/closing) cannot be delivered until the time of death.  Consequently, accounting for cemetery preneed is more complicated than that required for a preneed funeral sale.  But, cremation and a difficult economic environment are forcing cemeteries to offer preneed.  Accordingly, our contract forms and administration allow the cemetery operator to offer guaranteed, non-guaranteed, or a combination of such arrangements.  We establish and maintain an individual database account for each preneed contract to report the following items: sales prices payments and trust deposit balances (per subcategory) disbursements made due to the cancellation or performance of a preneed contract retainage (sales expense or origination fees) market value balance due on the contract expenses (trustee fees, investment advisor fees, administration fees) income (by character) last payment date finance or installment charges aging data on installment accounts Our preneed trust administration includes all regulatory reports required from the preneed trustee.  We also prepare for the trustee the Federal form 1041QFT (which eliminates the need for income reporting to preneed purchasers). Maintenance Care Trusts As revenues decline because of cremation and the economy, cemeteries have become more dependent upon their maintenance care trust.  This dependence comes at a difficult time for trusts that primarily hold fixed income investments.  Cemetery regulators are expanding their oversight of these trusts, and requiring more reporting and audits.  To meet this increased oversight, we provide administration to track interment sales and instruct the cemetery when maintenance deposits are required.  We also instruct the maintenance care trustee regarding the definition of distributable income and when income distributions can be made.  We also prepare the necessary state regulatory reports and the trustee’s tax return.  We also consult with the trustee regarding permissible investments.  Pre-construction Niche and Columbarium Projects Special trust administration is offered for pre-construction sales of niches and columbarium.  Contracts and administration can be developed to help finance these types of construction projects.  Funeral Home/Cemetery Cooperative Sales Program Combo operations have an advantage over their stand alone competitors.  We offer contracts and administration for the stand alone operators that need to work together so that they may offer savings to the families they mutually serve.       
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Preneed Resource Company 5350 W. 94th Terr, Suite 202 Prairie Village, KS 66207 Tel: 913-378-9922 Tel: 800-449-0030 Fax: 913-378-9924