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Cemetery Trusts

Cemetery Trusts

We are proud to be an important provider in the bereavement profession in Canada. Our family business has mastered a winning strategy for funeral homes and cemeteries with our safe, consistent and reliable approach to trust oversight. Be one of the growing number of funeral and cemetery operators hiring us to help make your preneed programs and cemetery trusts healthy and sustainable.
Cemetery Trusts Brochure
After many years of discussions with cemetery professionals, we found that their care and maintenance costs have increased disproportionately to the income generated by their trusts. To better understand the issue, we reviewed trust investment performance and associated fees alongside what we were hearing from cemetery professionals. Our findings indicated that this gap is primarily driven by low-yielding investments 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

  • 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

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

Fortunately, many provinces’ legislation allows preneed trusts to utilize low-risk investments with a higher yield, creating an opportunity for preneed to become a more profitable revenue source. Through years of conversations with friends, colleagues, and clients in the bereavement sector, we recognized an opportunity to offer something different for both Funeral Homes and Cemeteries.

Preneed Trusts by Legacy Private Trust provide access to low-risk, higher-yielding investment strategies designed to help make your preneed programs more profitable.

 

About

  • Empower you to increase contract values and make your preneed program profitable
  • Achieve higher yields that exceed the rate of inflation and increasing costs of goods through low-risk, conservative investing and asset diversification. Preneed trusts should not be limited to low-yielding investments
  • Allowed under provincial legislation
  • Monthly 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

Next Steps

For more information on Cemetery Trusts or about Legacy Private Trust, please contact us. We would be pleased to schedule a phone call or meeting with you to discuss your situation and work with you to see how we can help.

“We believe that being a reliable part of your team is a winning strategy.”

— Andrea Love