Trust Funds

Funeral Funding Trust of Kentucky is a Master Trust created and sponsored by the Funeral Directors Association of Kentucky for the use of the clients of its members. When you pay for your funeral in advance of need, Kentucky law requires that funds paid to the funeral director be placed in a special revocable or irrevocable trust. An irrevocable trust can be established if a person is receiving or about to receive state of federal entitlement benefits (your funeral director can give you exact details).

To assist its members and the clients they serve, the State Association has established the Funeral Funding Trust of Kentucky. It is managed by PNC Bank, Kentucky, Inc., an affiliate of PNC Bank Corp, the 6th largest U.S. Bank money manager and the 10th largest banking organization in the United States. By pooling many small trusts into one large master trust, the highest possible earnings can be achieved under the guidance and protection of professional management.

Upon the performance of the agreed-upon funeral service, payment is promptly made to the funeral director by the master trust.

Funeral trust arrangements between clients and their funeral director are held in strictest confidence.

If the need should arise for you to change your funeral home, you can do so by giving written notification to the funeral home named in your pre-need funeral contract.

What are the advantages to participants in Funeral Funding Trust of Kentucky?

• Professional management of your funds - - by one of Kentucky’s most respected financial institutions, PNC Bank.
• Optional tax-free fund - - invested in high quality, tax-exempt municipal securities.
• No sales charges - - like those associated with brokerage funds.
• Convenience - - all paperwork is done for you in strict confidence.
• Security - - The trusts’ primary investment objective is safety of principal.
• 100% of deposit plus interest stays with your trust.
• With revocable trusts you can withdraw your deposit and the interest your money has earned.
• Special irrevocable trust for SSI or Medicaid recipient.
• The highest possible rate of interest, consistent with safety and liquidity.