Greetings and Good Afternoon!

Do you open irrevocable burial accounts with authorized signers other than an authorized signer from a funeral home?

We have a situation where Mom wants to open an irrevocable burial account and want to name her children Son1 or Son2 as authorized signer(s). She states she doesn't know which state she wants to be buried in, therefore she doesn't want to be attached to one funeral home.

We have opened these in the past with authorized signers who have presented a funeral bill and we have paid the funds out of the account for the funeral expenses. The problem occurs when there are funds left over after the funeral bill has been paid. Who gets the funds? The funds remaining in the account must go to the estate which the signers try and tell us the point of this account was to avoid probate.

Got to Love it.

Any help would be greatly appreciated.

Michelle III