August 21, 2017
Cemetery Services

Cemetery Trusts

iStock_13954980Med_cemetery

Through discussions with Cemeteries over the years we found that their care and maintenance costs have increased disproportionately to the income yields of their trusts. Through our analysis we have found this is primarily due to poor investment and high fees.

We don’t think that’s good enough and know that the legislation allows your trusts to invest in more than just low yielding investments. Cemetery Trusts by Legacy Private Trust allow you to earn more to cover your care and maintenance expenses through competitive fees and higher investment yields.

Many cemetery trusts have been drawing excessive and unsustainable income while depleting their capital base through continuous increases in inflation. This often puts their entire fund at risk of being inadequate in the long-term. Our goal is to find long-term, sustainable and adaptable trust strategies that can work for our cemetery clients today and into the future.

About Cemetery Trusts at Legacy Private Trust

  • Required under provincial legislation
  • Are not and should not be limited to low yielding investments
  • Higher yields are available through conservative investing
  • Trust capital should be preserved and grow beyond inflation rate
  • Legislative requirements exist for use of the income and the capital portions of these trusts
  • Fees are fully transparent, and are competitive with industry standards. Clear, direct accountability and legal duty of good faith is ensured through a professional and regulated trustee relationship
  • Must be administered by an approved trust company
  • Full transition implemented by our professionals in cooperation with provincial regulators
  • Superior service thanks to Legacy’s untouchable service model made possible through our unique staff to customer ratio. Service continuity is achieved through family ownership and operation of Legacy Private Trust
  • Work with a trust company whose roots in the trust industry date back to the 1960s
  • We provide support for annual regulatory filings

Preneed Trusts

iStock_17240382Lg_tombs

Cemeteries have found that their efforts to build their preneed business are stalled by their preneed deposit yields barely keeping up with inflation. One common reason is they have been limited to investing in low yielding investments for far too long.

We don’t think that’s good enough and know that many provinces’ legislation allows the preneed area to be a profitable revenue source by utilizing low-risk investments with a higher yield. As a result of conversations over the years with friends, colleagues and clients in the bereavement sector, we developed an exciting and unique service offering for both Funeral Homes and Cemeteries. Preneed Trusts by Legacy Private Trust allow for low-risk, higher yielding investments to help make your preneed programs more profitable.

About Preneed Trusts at Legacy Private Trust

  • Empower you to increase contract values and make your preneed program profitable
  • Achieve higher yields that exceed the rate of inflation through low-risk, conservative investing and asset diversification. Preneed trusts should not be limited to low-yielding investments
  • Allowed under provincial legislation
  • Monthly or quarterly reporting available as well as deposits and withdrawals by cheque or electronic bank transfer
  • Fees are fully transparent, and are competitive with industry standards. Clear, direct accountability and legal duty of good faith is ensured through a professional and regulated trustee relationship
  • Full transition implemented by our team of professionals in cooperation with provincial regulators
  • Superior service thanks to Legacy’s untouchable service model made possible by our unique staff to customer ratio. Service continuity is achieved through family ownership and operation of Legacy Private Trust
  • Work with a trust company whose roots in the trust industry date back to the 1960s
  • We provide support for annual regulatory filings

 About Us

Legacy Private Trust is a family owned and operated trust company whose roots in the trust industry date back to the 1960s. As a trust company, we are federally licensed and regulated by the Office of the Superintendent of Financial Institutions. We have been actively administering Cemetery Trusts for years and are focused primarily on highly personalized service. Our model has proven to be one which molds to our clients specific needs – not the other way around.