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Veterans’ Funerals and What You Need to Know

October 14, 2020

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A Future Interment Master Trust is a trust in which participating beneficiaries deposit prepaid funeral funds into one trust, which are then paid out to the beneficiary at the time of their death. The funds are held and safely invested by The Philadelphia Trust Company who serves as trustee for the beneficiaries of the Trust. As a Master Trust, all investment income generated by the trust is taxable.