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What happens to the monies set aside in a pre-arrangement if the funeral home goes out of business?

April 26, 2017aside Business funeral happens Home monies pre-arrangement

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What happens to the monies set aside in a pre-arrangement if the funeral home goes out of business?

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Monies are mandated by Virginia law to be escrowed so that funds may only be collected at the time of a death by the funeral home. Pre-arrangements can be transferred to another local funeral home that may be willing to provide those services for the same amount.