√ Did you receive a copy of the funeral home's General Price List?
√ Did you receive a copy of the Preneed Agreement and Itemization Statement you signed with the funeral home?
√ Did you receive a Confirmation Statement of the money you left as a deposit within 30 days? Was this deposit sent to the financial institution within 10 days of the date you signed your agreement? Does the name of the depository (financial institution) appear on the confirmation? Was your money placed in an interest-bearing account or government-backed investment, such as United States Treasury Bonds?
√ If you are currently applying for or receiving Medicaid, did you sign an Irrevocable Agreement? By law, you must sign such an agreement, which requires that any money left over after the funeral will be returned to the local Department of Social Services office?
√ When you make additional deposits to your prefunded account, you must receive a confirmation statement of each deposit.
√ Look for an Annual Statement at year-end which will show your activity, including any deposits made and interest earned. This interest must be reported on your annual tax return, similar to interest earnings on a savings account.