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A Funeral Trust is a legally binding agreement where funds are set aside specifically for funeral expenses. The objective of establishing this trust is to provide financial peace of mind to family members during a difficult time and ensure your final wishes are respected.
This is the official site of the WFT Liquidating Trust, formerly known as the Wisconsin Funeral Trust (the “Trust”). On this site, you will find answers to common questions about the Trust, historical information about the receivership of the Trust from 2012 to 2015, and contact details if more information is needed.
22 Αυγ 2024 · Per Wisconsin law, when a person makes a pre-need agreement with a funeral provider to purchase funeral or burial products and services (not including burial spaces), all payments made under the agreement are trust funds, including interest and dividends, until the person’s death.
The WFT Liquidating Trust (formerly the Wisconsin Funeral Trust) was established by the Wisconsin Funeral Directors Association (the “WFDA”) in 1999. Before then, each funeral home established its own trusts, often with a local bank.
According to the records of the Trust, as of June 30, 2015 (the date the receivership formally ended), there were 7,859 consumer-depositors invested in the Trust. This number changes as distributions are made in connection as a result of funerals.
Funeral Trusts – Having a funeral trust in place can give you peace of mind that your funeral and final expenses will be covered and not left as a debt for your family. An average funeral in Wisconsin can cost $8,000.00 to $10,000.00. A funeral trust can be set up for anyone ages 6 months to 99 years old from $1,000.00 up to $15,000.00.
If you are looking for information regarding the WFT Liquidating Trust, formerly known as the Wisconsin Funeral Trust (the “Trust”), please visit wisconsinfuneraltrust.org.
