Untitled

New Service: Registration of your preneed accounts with the Attorney General's Office and payment of the $5.00 Registration fee

The Funeral Funding Trust continues to grow and provide solid, stable returns for your preneed funds. Since its inception in 1983, the returns of the Funeral Funding Trust have continually outperformed other funding vehicles such as insurance and bank CDs. This has enabled the fund to provide returns in excess of the rising costs of funeral services and merchandise selected by your families.

The accounts in the Funeral Funding Trust of Kentucky are earning monthly compounded interest.

Close to $200 Million has been deposited in the trust since 1983

Over $15 Million in new funds for funerals was deposited in the year 2000

Over $132 Million has been paid to the funeral homes since the trust's inception

Other services and benefits available for your use:

Monthly Compounding of Interest (NOT Simple Interest)

Rates are not locked in order to provide Inflation Protection

Deposits: NO Minimum Amount Required

Payment Plan Options:

Professionally produced coupon payment books

Automatic bank withdrawal (ACH)
18 Year Track Record of Excellent Service & Investment Returns

On Site Visits if Needed

1-2 Days Turnaround on Claims Payments

Claim's Payment by ACH to Funeral Home's Account

No Penalty for any Early Withdrawal of Funds

Claims and changes may be faxed

FREE Forms/Brochures/Family Trees

Association Office Staff can Handle Questions on SSI/Medicaid

Ability to take advantage of the "Qualified Funeral Trust" (QFT) and avoid 1099's.

Monthly report on all of your preneed accounts giving you all of the current balances and information on each account

Annual Attorney General Report

Payment of annual audit of your accounts by the Attorney General

Helpful hint: The contract date is only needed on "new accounts." You don't have to list it on existing accounts.

"Don't Want 1099's?"

The Internal Revenue Service (IRS) will now allow up to $7,500 total initial deposit amounts for Qualified Funeral Trusts entered during the calendar year 2001 (IRS Revenue Procedure 99-42). The accounts will grow and earn interest that is compounded monthly. Trusting is simple, and no longer have to send a 1099 to the family each year. If you designate the account as a QFT, the tax is paid directly to the IRS out of the trust account.

REMEMBER, DO NOT designate an account as a QFT if it is irrevocable! They are not in a taxable income situation.

Be A Part of This Successful Program! If you would like to have more information, email Betty at bcreek@fdaofky.com