All of our locations have established a perpetual care endowment fund to ensure the future care and maintenance of the cemeteries forever without assessing the owners or families any additional cost.
In 1979 the State of Tennessee enacted legislation that required all cemeteries to establish a perpetual care endowment fund and today these are regulated by the Department of Commerce and Insurance. Today our cemeteries place 20% of the property cost into irrevocable trusts that are currently valued at over $5.5 million dollars. Your family will never have to worry about the maintenance and upkeep of your cemetery.
To uphold this promise, the trust continues to accumulate funds that address the general care and preservation of the cemetery at large, now and in the future. The trust, funded by a portion of the purchase price of burial rights sold, ensures that the cemetery grounds and facilities are properly maintained.
Without a perpetual care trust, you are not assured that the responsibility of maintaining and preserving your loved ones final resting place won’t become your responsibility. The added burden and maintenance for you may incur additional expenses and hardship for you and your family.
Because we have a perpetual care trust, you can rest assured there will be no additional burdens for you or future generations.
The State of Tennessee regulates and oversees the rules and regulations for the handling of the funds and the manner in which they may be utilized. This ensures the funds are maintained for generations to come.