How should funds from prearrangement contracts be managed to ensure availability?

Funds from prearrangement contracts should be placed in a trust or a safe financial institution to ensure that they are managed securely and are readily available when needed. This method protects the funds and ensures that they are not misused or diverted for other purposes, such as operational expenses or high-risk investments, which could jeopardize the availability of the funds for their intended use. By using a trust or a reputable financial institution, the funds are kept intact and can accumulate interest, providing additional financial security. This prudent management aligns with best practices in the funeral industry and meets regulatory requirements, ensuring that clients’ prearranged funds are safeguarded until the time of need.