Yes. Ohio state law requires that money held in all prearranged funeral contracts be placed in escrow by an organization licensed by the state to do so. In Ohio, state law requires these contracts to be held in an insurance contract or trust fund.
How do I transfer my prearranged funeral contract to Busch Funeral and Crematory Services?
Simply gather the prearranged contract documents you have in your possession and bring them in with you to any Busch Funeral and Crematory Services location to meet with our licensed funeral directors and caregivers, or mail a copy of the documents to us, or complete the free consultation form to arrange an appointment with a Busch Funeral and Crematory Services representative. If you simply have questions, please call us at 1-800-252-8724.
How do Prearranging and Prepaying a funeral differ?
Prearranging a funeral is an excellent way to make sure that the type of service you want is permanently recorded and gives you an exact cost for that service. This is an excellent way to make sure your family knows your wishes, therefore relieving them of the burden of making hard decisions when the time of need arises.
Prepaying a funeral allows you to lock in the cost of the funeral today so that your family will have no financial burden in the future.
How do I Prepay a funeral?
There are two methods available to pre-pay for a funeral: a regulated funeral trust or a life insurance policy.
How do I prearrange a funeral if I am receiving Medicaid Assistance?
It may be necessary for the prearranged funeral contract to be termed as “irrevocable” if the funeral recipient is applying to or is currently receiving Medicaid assistance. Making the contract irrevocable does not change what or how Busch Funeral and Crematory Services will provide the services and merchandise at the time of need, but does revoke the right of the contract owner to “cash-in” their funeral prearrangement.