During times of grief it might be natural to wonder why a funeral is important. A funeral can be an integral part of the grieving process and memorializing a loved one’s life is a practice that spans cultures, regions, and beliefs. Most often, this is done with some kind of service: a wake, a funeral,...
A Future Interment Master Trust is a trust in which participating beneficiaries deposit prepaid funeral funds into one trust, which are then paid out to the beneficiary at the time of their death. The funds are held and safely invested by The Philadelphia Trust Company who serves as trustee for the beneficiaries of the Trust. As a Master Trust, all investment income generated by the trust is taxable.
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