(a) Any person, partnership or corporation who enters into a preneed funeral contract has the option, at any time, to establish an irrevocable trust for all funds or any portion of payments made or to be made under the agreement, contract or plan. At no time shall such funds exceed $15,000.
(b) The trust document establishing an irrevocable trust shall contain such specific provisions as the Commissioner may by regulation require.
Structure Delaware Code
Chapter 34. PRENEED FUNERAL CONTRACTS
§ 3402. Preneed payments and increment as trust funds; disbursement of funds; exceptions.
§ 3403. Revocable trust accounts; refund to persons making payments.
§ 3404. Irrevocable trust accounts.
§ 3405. Trust funds; how kept and deposited.
§ 3406. License to accept preneed contract required; fees.
§ 3407. Records of licensee; requirements; inspection.
§ 3408. Periodic report requirements.
§ 3409. State Bank Commissioner to enforce law and establish rules and regulations.