Family Office Definition: Funeral Trust
Funeral Trust definition: A funeral trust is established to prepay funeral expenses. The funeral home creates a “pooled income fund”, and the grantor transfers property to the trust to cover future funeral expenses. The grantor is responsible for income taxes on the trust.
Download our free Family Office Report to learn more about the family office industry.
Read more Family Office Definitions
Tags: What is funeral trust?, funeral trust definition, funeral trust family office, funeral trust term, define funeral trust, funeral trust wealth management, funeral trust multi-family office, funeral trust single family office