Funding Options

We can explain the variety of pre-payment programs along with details about Veterans and Social Security Benefits at our offices or at your home. We also make pre-arrangements at no cost to those who simply want the information on file.

Pre-arranged funeral planning allows you to be in control. You make plans for final expenses and selecting the funeral merchandise and services. You determine the type and kind of services you want. Planning ahead can eliminate those emotionally demanding decisions that many people find uncomfortable at the time of need.

Pre-planning now means you are taking the time to consider how others may feel at the time of need. Planning today can make the funeral process easier for your family and friends. When you pre-plan, you can be assured that your wishes will be observed.

• Save time and money
• Shows others you care
• Reduces emotional stress
• Your wishes will be known

Our Pre-need Programs are easy to understand and complete in every detail. We will also assist you in recommending vaults, unusual transportation expenses, monuments and many of the numerous things that arise when a death occurs in a family.

Funding Options

There are two kinds of trusts that may be purchased. They are administered by our funeral home under the guidance of the Oklahoma Insurance Commissioners Office.

Any one of the options that you may choose is under the close scrutiny by the Oklahoma Insurance Commissioners Office.

Revocable Trust

This is a trust that any amount of money may be deposited into. At anytime you may ask for this money and the interest it has made. This trust can be started for as little as Twenty Five Dollars ($25.00). The maximum amount of principal which a funeral home may legally receive from any one individual establishing a fund for prepaid funeral shall be Fifteen Thousand Dollars ($15,000.00). At the end of the year you will receive a 1099 statement on which you must pay taxes on the interest as it is considered income. You may want to consult your tax advisor if this will pertain to your situation.

Irrevocable Trust

This trust is most commonly purchased by someone who eventually might need care in excess of their assets. For example, longtime convalescent care for which their assets could be depleted and they need to apply for Department of Human Service Assistance. Once purchased, it can be used for burial purposes only. The state allows up to Seven Thousand Five Hundred Dollars ($7,500.00) to be set aside in this trust. This trust can also be started for as little as $25.00. It may be added to at any time up to a total of Seven Thousand Five Hundred Dollars ($7,500.00). Interest that accrues does not count toward the Seven Thousand Five Hundred Dollar ($7,500.00) limit, nor does it affect eligibility for state assistance under Department of Human Services.

Inflation Adjusted Life Insurance

We also have to offer Inflation Adjusted Life Insurance Programs to prefund funerals. That are payable in 3, 5 and 10 year plans with an early payoff option available.