What is a funeral trust?

Several different types of funeral prepayment plans exist that can vary in structure and benefits. While funeral homes often use insurance products for their prearrangement plans, Recompose uses a funeral trust protected by law.

As you pay towards your future death care, Recompose realizes 10% of the money as revenue. The rest is held in a trust account that cannot be used until after your death. This money is invested in low-risk investments and cannot ever be used for Recompose’s operations. The Recompose trust, like any funerary trust in Washington, is heavily regulated to ensure your investment is safe, and Washington State receives yearly reports on the holdings and any accruals.

Trusts can be revocable or irrevocable, with irrevocable trusts often used to help individuals qualify for Medicaid benefits.