How many days must a preneed payment be placed into trust?

Preneed payments must be placed into trust within 30 days to ensure that the funds are appropriately safeguarded for future use. This requirement is put in place to protect consumers and ensure that their funds are secure, rather than being misappropriated or used inappropriately before the services are rendered. By mandating that payments be deposited into trust within this timeframe, the regulation helps maintain financial accountability and establishes a clear expectation of how preneed transactions should be handled. It underscores the importance of ethical practices in the funeral industry, helping consumers feel confident that their advance payments will be honored for their future needs.