New York Law on Irrevocable Funeral Trusts
STATE OF NEW YORK
Chapter 660 of the Laws of 1996
Signed September 25, 1996

This law takes effect January 1, 1997 and applies only to contracts or agreements entered into on or after that date.


EXPLANATION--Matter in CAPS is new; matter in brackets { } is old law to be omitted.


    1    Section 1. Subdivision 6 of section 209 of the social services law, as
    2  amended by chapter 692 of the laws  of  1984,  is  amended  to  read  as
    3  follows:                                                                
    4    6.  (a) As applicable federal law, rules and regulations so provide, a
    5  recipient of supplemental security income benefits OR MEDICAL ASSISTANCE
    6  may establish an irrevocable trust fund {by contributing up to one thou-
    7  sand five hundred dollars} for the exclusive purpose  of  their  funeral
    8  and  burial.  Such trust fund and any accumulated interest not withdrawn
    9  by the recipient shall remain the responsibility of  the  {local  social
   10  services officials} FUNERAL FIRM, FUNERAL DIRECTOR, UNDERTAKER, CEMETERY
   11  OR ANY OTHER PERSON, FIRM OR CORPORATION TO WHOM SUCH PAYMENT IS MADE to
   12  administer  for  funeral  and  burial  expenses  of the recipient. Those
   13  persons who establish such a trust fund {with a  local  social  services
   14  department,}  shall  be  given  the  opportunity  to  select the funeral
   15  {director} FIRM, FUNERAL DIRECTOR, UNDERTAKER,  CEMETERY  OR  ANY  OTHER
   16  PERSON, FIRM OR CORPORATION TO WHOM SUCH PAYMENT IS MADE of their choice
   17  to provide for their burial arrangements AND TO CHANGE SUCH SELECTION AT
   18  ANY  TIME TO ANY FUNERAL FIRM, FUNERAL DIRECTOR, UNDERTAKER, CEMETERY OR
   19  ANY OTHER PERSON, FIRM OR CORPORATION TO  WHOM  SUCH  PAYMENT  IS  MADE,
   20  LOCATED  EITHER  IN  THE STATE OF NEW YORK OR ANY OTHER STATE.  ANY SUCH
   21  CHANGE OF FUNERAL FIRM, FUNERAL DIRECTOR, UNDERTAKER, CEMETERY,  OR  ANY
   22  OTHER  PERSON, FIRM OR CORPORATION TO WHOM SUCH PAYMENT IS MADE, MUST BE
   23  CARRIED OUT WITHIN TEN BUSINESS DAYS FOLLOWING RECEIPT OF A  REQUEST  BY
                                                                               
    1  THE  PURCHASER  TO THE FUNERAL FIRM, FUNERAL DIRECTOR, UNDERTAKER, CEME-
    2  TERY, OR ANY OTHER PERSON, FIRM OR CORPORATION TO WHOM SUCH  PAYMENT  IS
    3  MADE  WITH  WHICH THE CURRENT TRUST FUND WAS ESTABLISHED.  Funds in such
    4  trust  fund  shall  be placed in an interest bearing account PURSUANT TO
    5  SECTION FOUR HUNDRED FIFTY-THREE OF THE GENERAL BUSINESS LAW.    Accumu-
    6  lated  interest  from  such  account shall not be reported as "countable
    7  income" pursuant to section two hundred eight of this chapter. {The cost
    8  of administering the trust  shall  be  reimbursable  under  section  two
    9  hundred twelve of this chapter.}                                        
   10    (b)  {No  irrevocable  trust fund may be established pursuant to para-
   11  graph (a) of this subdivision on or after the  effective  date  of  this
   12  paragraph}  AN  APPLICANT  FOR  OR A RECIPIENT OF MEDICAL ASSISTANCE WHO
   13  ENTERS INTO AN AGREEMENT PURSUANT TO SECTION FOUR HUNDRED FIFTY-THREE OF
   14  THE GENERAL BUSINESS LAW SHALL ESTABLISH A SINGLE IRREVOCABLE TRUST FUND
   15  PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION.                          
   16    (C) A FUNERAL FIRM, FUNERAL DIRECTOR,  UNDERTAKER,  CEMETERY,  OR  ANY
   17  OTHER  PERSON,  FIRM  OR  CORPORATION  WHICH  MAKES AN AGREEMENT FOR AND
   18  ACCEPTS PAYMENT FOR SUCH AN IRREVOCABLE TRUST FUND,  SHALL  COMPLY  WITH
   19  THE  PROVISIONS OF SECTION FOUR HUNDRED FIFTY-THREE OF THE GENERAL BUSI-
   20  NESS LAW, AND SHALL INCLUDE THE FOLLOWING STATEMENT IN ANY  SUCH  AGREE-
   21  MENT IN CONSPICUOUS PRINT OF AT LEAST TWELVE POINT TYPE:                
   22                                 DISCLOSURE                               
   23    NEW  YORK LAW REQUIRES THIS AGREEMENT TO BE IRREVOCABLE FOR APPLICANTS
   24  FOR RECEIPT OF SUPPLEMENTAL SECURITY BENEFITS UNDER SECTION TWO  HUNDRED
   25  NINE  OF  THE SOCIAL SERVICES LAW OR OF MEDICAL ASSISTANCE UNDER SECTION
   26  THREE HUNDRED SIXTY-SIX OF THE SOCIAL SERVICES LAW, AND FOR  THE  MONEYS
   27  PUT  INTO  A  TRUST UNDER THIS AGREEMENT TO BE USED ONLY FOR FUNERAL AND
   28  BURIAL EXPENSES. IF ANY MONEY IS LEFT OVER AFTER YOUR FUNERAL AND BURIAL
   29  EXPENSES HAVE BEEN PAID, IT WILL GO TO THE COUNTY. YOU MAY  CHANGE  YOUR
   30  CHOICE OF FUNERAL HOME AT ANY TIME.                                     
   31    (D)  ANY PROMOTIONAL LITERATURE PREPARED AFTER JANUARY FIRST, NINETEEN
   32  HUNDRED NINETY-SEVEN BY A FUNERAL FIRM,  FUNERAL  DIRECTOR,  UNDERTAKER,
   33  CEMETERY,  OR  ANY  OTHER  PERSON,  FIRM  OR CORPORATION FOR PREARRANGED
   34  FUNERAL AND BURIAL SERVICES MUST CONTAIN LANGUAGE DISCLOSING THE  IRREV-
   35  OCABLE NATURE OF BURIAL TRUSTS ESTABLISHED FOR AN APPLICANT OR RECIPIENT
   36  OF SUPPLEMENTAL SECURITY INCOME BENEFITS OR MEDICAL ASSISTANCE.         
   37    S 2. Section 141 of the social services law is amended by adding a new
   38  subdivision 6 to read as follows:                                       
   39    6.  IF AN APPLICANT FOR OR A RECIPIENT OF PUBLIC ASSISTANCE OR CARE OR
   40  OF MEDICAL ASSISTANCE UNDER SECTION TWO HUNDRED NINE  OR  THREE  HUNDRED
   41  SIXTY-SIX  OF  THIS CHAPTER DIES HAVING ESTABLISHED AN IRREVOCABLE TRUST
   42  FOR THE PAYMENT OF HIS  OR  HER  FUNERAL  EXPENSES  UNDER  SECTION  FOUR
   43  HUNDRED  FIFTY-THREE OF THE GENERAL BUSINESS LAW, ANY FUNDS REMAINING IN
   44  SUCH TRUST AFTER THE PAYMENT OF ALL FUNERAL EXPENSES MUST BE  PAID  OVER
   45  TO  THE  SOCIAL  SERVICES OFFICIAL RESPONSIBLE FOR ARRANGING FOR BURIALS
   46  UNDER THIS SECTION IN THE LOCAL GOVERNMENT SUBDIVISION WHERE  THE  DECE-
   47  DENT RESIDED.                                                           
   48    S  3.  Subdivisions  1, 2 and 3 of section 453 of the general business
   49  law, subdivisions 1 and 2 as amended and subdivision 3 as added by chap-
   50  ter 529 of the laws of 1993, are amended to read as follows:            
   51    1. {Except for the purposes found in subdivision six  of  section  two
   52  hundred nine of the social services law any} (A) ANY and all moneys paid
   53  to  a funeral firm, funeral director, undertaker, cemetery, or any other
   54  person, firm or corporation, under or in connection  with  an  agreement
   55  for  the  sale of merchandise to be used in connection with a funeral or
   56  burial, or for the furnishing of personal services of a funeral director

    1  or undertaker, wherein the merchandise is not to  be  delivered  or  the
    2  personal  services  are  not  to be rendered until the occurrence of the
    3  death of the person for whose funeral  or  burial  such  merchandise  or
    4  services  are  to  be  furnished  shall  continue to be the money of the
    5  person making such payment and shall be held in trust for such person by
    6  the funeral firm, funeral director, undertaker, cemetery  or  any  other
    7  person,  firm  or  corporation  to  whom such payment is made and shall,
    8  within ten business days of receipt, be deposited in an interest bearing
    9  account in a bank, national bank, federal savings bank, federal  savings
   10  and loan association, savings bank or savings and loan association with-
   11  in the state and duly authorized to receive deposits in the state of New
   12  York  and which shall earn interest at a rate which shall be at not less
   13  than the prevailing rate of interest earned by other  such  deposits  in
   14  such  banks,  savings  banks or savings and loan associations under this
   15  section, or shall be placed in a trust company in an  investment  backed
   16  by  the government of the United States and shall not be commingled with
   17  other moneys of the funeral firm, funeral  director,  undertaker,  ceme-
   18  tery,  or  other  person, firm or corporation or become the funds of the
   19  funeral firm, funeral director, undertaker, cemetery, or  other  person,
   20  firm  or corporation, and shall be so held on deposit, together with any
   21  interest thereon, until said merchandise has  been  delivered  and  said
   22  personal  services have been rendered, unless sooner repaid, in whole or
   23  in part. Such funeral firm, funeral director, undertaker,  cemetery,  or
   24  other  person,  firm  or  corporation  which received such moneys shall,
   25  within thirty business days after the  deposit  or  any  change  in  the
   26  institution in which such funds are deposited, provide written notifica-
   27  tion  to  the  person  who  made  such payment of the institution of the
   28  deposit and, until such moneys have been repaid or the personal services
   29  and merchandise have been provided, shall annually  provide  the  person
   30  who  made  such  payment  with  a statement identifying the location and
   31  annual interest earned by the account. Upon request of  the  person  who
   32  made  such  payment,  or  his  or  her representative, the funeral firm,
   33  funeral director, undertaker, cemetery or other person, firm  or  corpo-
   34  ration which received such moneys shall provide a statement within thir-
   35  ty  days of such request identifying the location of the account, amount
   36  of such account and interest earned on such account. Upon the  provision
   37  of  any  merchandise  or  personal  services in connection with any such
   38  agreement, the funeral firm, funeral director, undertaker,  cemetery  or
   39  other  person,  firm  or  corporation  which  received such moneys shall
   40  provide a statement  itemizing  the  merchandise  or  personal  services
   41  provided  and  the  cost  of  such  merchandise or personal services and
   42  describing the disposition of all moneys in the account. Copies of  such
   43  statements  and the records on which they are based shall be made avail-
   44  able for inspection and shall be made available during ordinary business
   45  hours for copying upon written request by any  state  agency  regulating
   46  the  funeral  firm,  funeral  director,  undertaker,  cemetery  or other
   47  person, firm or corporation which received such money or  enforcing  the
   48  requirements of this section, provided a complaint, either oral or writ-
   49  ten,  has  been  received,  or  an inspector has grounds to believe that
   50  serious or repeat violations of this section have occurred.             
   51    (B) MONEYS PAID FOR SUCH AN AGREEMENT FOR AN APPLICANT OR RECIPIENT OF
   52  SUPPLEMENTAL SECURITY INCOME BENEFITS UNDER SECTION TWO HUNDRED NINE  OF
   53  THE  SOCIAL  SERVICES  LAW  OR OF MEDICAL ASSISTANCE UNDER SECTION THREE
   54  HUNDRED SIXTY-SIX OF SUCH LAW SHALL BE PLACED INTO A TRUST  WHICH  SHALL
   55  BE  IRREVOCABLE  BUT  UNDER  WHICH SUCH APPLICANT/RECIPIENT RESERVES THE
   56  RIGHT TO SELECT ANY FUNERAL FIRM, FUNERAL DIRECTOR, UNDERTAKER, CEMETERY
                                                                               
    1  OR ANY OTHER PERSON, FIRM OR CORPORATION TO WHOM SUCH  PAYMENT  IS  MADE
    2  AND  TO  CHANGE  SUCH  SELECTION  ANY TIME TO ANY TYPE OF FUNERAL OR ANY
    3  FUNERAL FIRM, FUNERAL DIRECTOR, CEMETERY OR ANY OTHER  PERSON,  FIRM  OR
    4  CORPORATION  TO  WHOM  SUCH PAYMENT IS MADE, LOCATED IN THE STATE OF NEW
    5  YORK OR ANY OTHER STATE. ANY SUCH CHANGE MUST BE CARRIED OUT WITHIN  TEN
    6  BUSINESS  DAYS  FOLLOWING  RECEIPT  OF A REQUEST BY THE PURCHASER TO THE
    7  FUNERAL FIRM, FUNERAL DIRECTOR, CEMETERY OR ANY OTHER  PERSON,  FIRM  OR
    8  CORPORATION  TO  WHOM  SUCH  PAYMENT  IS MADE, WITH WHICH SUCH TRUST WAS
    9  ESTABLISHED. THIS REQUIREMENT IS SUBJECT TO  ANY  LIMITS  SET  FORTH  IN
   10  FEDERAL LAW OR REGULATION PERTAINING TO DISREGARDED RESOURCES OR INCOME.
   11    2.  The  amount of any and all moneys paid under or in connection with
   12  such an agreement, together with interest, if any, accrued thereon while
   13  on deposit as so required shall be repaid on demand at any time prior to
   14  the delivery of  the  merchandise  {or}  AND/OR  the  rendering  of  the
   15  personal  services.  No administrative, consultation or other fee may be
   16  assessed against the person making such payment in  connection  with  or
   17  planning  for such agreement.  PROVIDED, HOWEVER, NEITHER THE APPLICANT,
   18  RECIPIENT OR OTHER  PURCHASER  OF  PRENEED  FUNERAL  GOODS  OR  SERVICES
   19  THROUGH  AN  IRREVOCABLE TRUST, THEIR LEGAL REPRESENTATIVE NOR THE HEIRS
   20  OF SUCH PERSON, SHALL BE ENTITLED TO ANY REPAYMENT OF THE  MONEYS  WHICH
   21  CREATED SUCH TRUST.                                                     
   22    3. Any such agreement must be in writing and must:                    
   23    (a) Identify all moneys paid or to be paid; and                       
   24    (b) Identify any fees paid to the person administering such trust fund
   25  by  a  third  party,  provided,  however, any such fees shall not exceed
   26  seventy-five hundredths of one percent of the amount of such trust fund;
   27  and                                                                     
   28    (c) {Notify} EXCEPT FOR AN IRREVOCABLE TRUST ESTABLISHED  PURSUANT  TO
   29  SECTION  TWO HUNDRED NINE OF THE SOCIAL SERVICES LAW OR PARAGRAPH (B) OF
   30  SUBDIVISION ONE OF THIS SECTION, NOTIFY the person making  such  payment
   31  of  his  or  her  right  to be repaid moneys paid, together with accrued
   32  interest, as described in this section  and  of  his  or  her  right  to
   33  receive an annual statement; and                                        
   34    (d)  Identify  the  provider of each service or item of merchandise to
   35  the extent agreed upon, and fully describe the service or merchandise to
   36  the extent agreed upon; and                                             
   37    (e) Describe the obligations of each party:                           
   38    (i) in the event the service or merchandise described in the agreement
   39  cannot, for reasons beyond the control of the parties, be provided  when
   40  needed;                                                                 
   41    (ii)  in the event the cost of such services or merchandise, when such
   42  services or merchandise is to be provided, exceeds  the  amount  of  the
   43  moneys paid and accrued interest; and                                   
   44    (iii)  in the event the amount of the moneys paid and accrued interest
   45  exceeds the cost of such services or merchandise when  they  are  to  be
   46  provided.  If  the  agreement  does  not  provide  to  the contrary, the
   47  services or merchandise described in the agreement must be provided  for
   48  no  more  than the price stated therein. {Any} EXCEPT FOR AN IRREVOCABLE
   49  TRUST ESTABLISHED PURSUANT TO SECTION TWO HUNDRED  NINE  OF  THE  SOCIAL
   50  SERVICES  LAW  OR  PARAGRAPH (B) OF SUBDIVISION ONE OF THIS SECTION, ANY
   51  moneys in excess of the amount set forth in the agreement must be repaid
   52  to the person who made the payment or to the estate of such person.  The
   53  agreement  must also specify the name and address of a person not living
   54  at the address of the person who made payments under  or  in  connection
   55  with  the  agreement, to whom required notices may be sent if the person
   56  who made payments under or in connection with the  agreement  cannot  be
                                                                               
    1  contacted.  The  person  making  such payments may decline in writing to
    2  specify the name and address of a person not living at  the  address  of
    3  the person making such payments to whom such notice may be sent; AND    
    4    (F)  WITH RESPECT TO AN AGREEMENT FOR AN IRREVOCABLE TRUST FUND PURSU-
    5  ANT TO SECTION TWO HUNDRED NINE OF THE SOCIAL SERVICES LAW, INCLUDE  THE
    6  FOLLOWING  STATEMENT  IN  THE AGREEMENT IN CONSPICUOUS PRINT OF AT LEAST
    7  TWELVE POINT TYPE:                                                      
    8                                 DISCLOSURE                               
    9    NEW YORK LAW REQUIRES THIS AGREEMENT TO BE IRREVOCABLE FOR  APPLICANTS
   10  FOR  RECEIPT OF SUPPLEMENTAL SECURITY BENEFITS UNDER SECTION TWO HUNDRED
   11  NINE OF THE SOCIAL SERVICES LAW OR OF MEDICAL ASSISTANCE  UNDER  SECTION
   12  THREE  HUNDRED  SIXTY-SIX OF THE SOCIAL SERVICES LAW, AND FOR THE MONEYS
   13  PUT INTO A TRUST UNDER THIS AGREEMENT TO BE USED ONLY  FOR  FUNERAL  AND
   14  BURIAL EXPENSES. IF ANY MONEY IS LEFT OVER AFTER YOUR FUNERAL AND BURIAL
   15  EXPENSES  HAVE  BEEN PAID, IT WILL GO TO THE COUNTY. YOU MAY CHANGE YOUR
   16  CHOICE OF FUNERAL HOME AT ANY TIME.                                     
   17    (G) ANY PROMOTIONAL LITERATURE PREPARED AFTER JANUARY FIRST,  NINETEEN
   18  HUNDRED  NINETY-SEVEN  BY  A FUNERAL FIRM, FUNERAL DIRECTOR, UNDERTAKER,
   19  CEMETERY, OR ANY OTHER  PERSON,  FIRM  OR  CORPORATION  FOR  PREARRANGED
   20  FUNERAL  AND BURIAL SERVICES MUST CONTAIN LANGUAGE DISCLOSING THE IRREV-
   21  OCABLE NATURE OF BURIAL TRUSTS ESTABLISHED FOR AN APPLICANT OR RECIPIENT
   22  OF SUPPLEMENTAL SECURITY INCOME BENEFITS OR MEDICAL ASSISTANCE.         
   23    S 4. This act shall take effect January 1, 1997 and shall  apply  only
   24  to contracts or agreements entered into on or after such date.          

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