For some reason, perhaps owing to its use in popular culture via soaps, tabloids, and movies, the word estate seems to be applied to the very rich. In fact, when you have a property and other valuables after you die, those make up your estate. This may include a...
Cemetery Software for Today and Tomorrow When you think of cemeteries, you might not think of the most technologically advanced places. After all, most cemeteries still use a lot of paper in their day-to-day operations. However, cemeteries can use technology to stay relevant in today’s competitive markets.
If you own a cemetery that sells pre-need contracts, you are familiar with the regulations that require you to place the funds into a trust. But did you know that several states allow you to distribute any surplus from the trust to your business? The regulations, which differ by...
Individuals can purchase, in advance, some or all of their funeral and cemetery merchandise and services through what’s called a preneed contract. Some people choose to only pre-arrange and pre-purchase their cemetery property (interment rights), such as a plot, crypt, mausoleum or niche, while others choose their burial services...
Proper management of the cash flow of your perpetual care trust can maximize the ultimate benefit of the trust to your cemetery company or non-profit cemetery association, and your customers. In many cases, however, not enough attention is paid to ensure proper tax planning, which is sufficient to eliminate...
Funeral homes are the last place most people expect to see technology; however, to improve service levels, to meet the changing needs and wants of customers and to stay competitive (In 2015, there were 19,391 funeral homes in the U.S.) funeral homes must continuously review how they operate and...
After the addition of three amendments, passing through the Senate and almost making it through the House, Senator Tom McGarrigle’s Senate Bill 874 was removed from the table in the Pennsylvania House of Representatives in mid April 2016. This doesn’t, by any means, mean the bill will not resurface,...
Earlier this year two of the largest publicly owned death care companies in North America merged, creating further consolidation in an industry that was once dominated by smaller family owned businesses. Consolidation within an industry can raise concerns for smaller entities. Larger companies have the ability to centralize many...
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