Kenneth Vercammen is a Middlesex County Trial Attorney who has published 130 articles in national and New Jersey publications on Criminal Law, Probate, Estate and litigation topics.

He was awarded the NJ State State Bar Municipal Court Practitioner of the Year.

He lectures and handles criminal cases, Municipal Court, DWI, traffic and other litigation matters.

To schedule a confidential consultation, call us or New clients email us evenings and weekends via contact box www.njlaws.com.

Kenneth Vercammen & Associates, P.C,

2053 Woodbridge Avenue,

Edison, NJ 08817,

(732) 572-0500

Monday, October 17, 2011

Prepaid Funerals in New Jersey to Reduce Funds Taken by Nursing Homes

Prepaid Funerals in New Jersey to Reduce Funds Taken by Nursing Homes

The New Jersey Prepaid Funeral Trust Fund™ (trust fund) is a funeral prefunding option provided to consumers by NJSFDA member funeral homes through the Funeral Planning CHOICES™ program. Recently marking its 25th year of operation, the trust fund is the state’s largest depository for prepaid funeral monies. It ensures that the money you pay for your funeral will be available when it is needed.

The trust fund is required to deposit all funds in a state or federally chartered bank, with each account insured by the Federal Deposit Insurance Corporation(FDIC), in the name of the purchaser. All funds are invested in jumbo certificates of deposit which allow the trust fund to offer competitive interest rates and growth from the day of deposit. The trust fund meets all federal and state regulations for prearrangements, and also meets the requirements for SSI, Medicaid and General Assistance resource exclusion.

Interest earned on deposits is retained in the consumer's account to offset inflation and help ensure that adequate funds are available at the time of the funeral. The New Jersey Prepaid Funeral Trust Fund™ receives 1% of the fund’s principal sum which covers management, administration, and overhead costs.

As of December 31, 2006 the trust fund included more than $275 million in trusted funds for more than 49,000 consumers.

Managed by NJSFDA

Funeral planning CHOICES™ preneed funding programs are operated by the New Jersey State Funeral Directors Association (NJSFDA) and managed by a knowledgeable and professional staff, a certified public accountant and a Board of Trustees made up of NJSFDA member funeral directors.
Participation in Funeral Planning CHOICES™ programs is limited to funeral directors who are NJSFDA members in good standing and who have agreed to abide by the high consumer protection standards set by the Board of Trustees.