For several reasons, the arranging and funding of funeral services in advance of need is a decision many people are making today.  Those reasons include: Medicaid considerations Financial advantages Estate planning benefits Eliminating concerns about the impact of inflation No immediate kin to make future decisions Not burdening others with decision making Additional payment options   Pre-Arrangment laws vary from state to state.  In New York State, all pre-funded funeral arrangements must be trusted using either F.D.I.C. insured deposits, U.S. Government backed securities.  This is the safest and most secure method of pre-funding funeral arrangements.  For anyone wishing to pre-fund funeral arrangements here is how Sanderson-Moore Funeral Home Inc. assists their customer: There is no charge or set-up fee for recording the needed information, detailing all instructions and costs involved, and establishing the F.D.I.C Trust. The money is deposited in the consumer's name in trust for Sanderson-Moore Funeral Home Inc. in a New York State bank and F.D.I.C insured in the event there is ever a need to cancel the trust, there is no cancellation fee and 100% of the original principal and interest credited will be returned. The trust used by the Sanderson-Moore Funeral Home Inc. for this purpose is The Pre-Plan Trust and is used by more funeral homes and consumers throughout New York State than any other trust. A fully funded Pre-Plan Trust earns an enhanced rate of interest, which enables us to guarantee the price of the funeral quoted by applying the interest earned to cover future inflationary increases. When Medicaid funds are involved, while the Trust may not be cancelled, the beneficiary funeral home may be changed at any time from the consumer, thereby retaining complete portability of the funds and providing freedom of choice to the consumer. The entire amount of the fund can be deposited when the Trust is established or the funds can be deposited over a period of time.  A primary guaranteed Trust requires full funding so that the interest earned is sufficient to cover inflationary increases. Because 100% of the principal and credited interest remains in the name of the consumer in the Trust, there is no financial loss in the event a family re-locates.   For some families, there is no need to establish a Trust of this type.  Insurance or other sources may assure funeral funds.  Even in this situation a pre-arrangement for future services may still be a good idea.  Feel free to contact us at Sanderson-Moore Funeral Home Inc. to make arrangements or ask any questions you might have.