Pre-need Funeral Trust Law and Legal Definition
Pre-need funeral trust is created when an individual purchases burial services during one's life. Such a trust is created so that the decedent's family does not have the burden of the decedent's funeral decisions. Pursuant to 26 USCS § 671, purchasers of pre-need funeral services, rather than sellers, are grantors and owners of pre-need funeral trusts established under state laws.
Legal Definition list
- Pre-Marital Agreement
- Pre-Loss Condition
- Pre-License Application Phase
- Pre-Kindergarten
- Pre-Issuance Accrued Interest [Internal Revenue]
- Pre-need Funeral Trust
- Pre-Penalty Notice
- Pre-Petition (Bankruptcy)
- Pre-Rule Partial Quiet Zone [Transportation]
- Pre-Rule Quiet Zone [Transportation]
- Pre-Sentence Investigation
