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The Funeral Rule defines and provides parameters in the following key subject areas: [2] Definition of a General Price List, or GPL; Specific disclosures must be provided in writing to the consumer regarding embalming, alternative containers for direct cremation, the basic service fee, the Casket Price List and the Outer Burial Container Price List
Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in rare cases, a court may change the terms of the trust due to unexpected changes in circumstances that make the trust uneconomical ...
The term "grantor trust" also has a special meaning in tax law. A grantor trust is defined under the Internal Revenue Code as one in which the federal income tax consequences of the trust's investment activities are entirely the responsibility of the grantor or another individual who has unfettered power to take out all the assets. [20]
A government agency warned 39 funeral homes across the US that they risk hefty penalties if they fail to disclose accurate pricing information to customers, the Federal Trade Commission announced ...
The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .
Unlike a revocable beneficiary, who can be swapped out at any time by the policyholder, an irrevocable beneficiary has irreversible rights to the policy death benefit, adding an extra layer of ...
The Burial Act 1857 (20 & 21 Vict. c. 81) is an act of the Parliament of the United Kingdom. It is one of the Burial Acts 1852 to 1885. Its purpose is to regulate burial grounds. It regulates where and how deceased people may be buried, and provides for the exhumation of remains. The Act made it illegal to disturb a grave (other than for an ...
The maximum benefit is $9,000 per funeral service, internment, or cremation, and $35,500 per applicant for costs related to multiple deaths. If the agency deems you eligible, you can opt for funds ...