Yes. Ohio state law requires that money held in all prearranged funeral contracts be placed in escrow by an organization licensed by the state to do so. In Ohio, state law requires these contracts to be held in an insurance contract or trust fund. The staff at the Ralph Meyer & Deters Funeral Home can assist you make the necessary changes.
Simply gather the prearranged contract documents you have in your possession when you meet with our licensed funeral directors and caregivers, or mail a copy of the documents to us. If you have questions regarding the transfer of your prearrangements, please call us at 513-251-9700 or you may contact us by email.
To prearrange a funeral, you meet with a Ralph Meyer & Deters Funeral Home representative that will help you plan the services down to the smallest detail. When your consultation is complete, you will have a "Statement Of Funeral Goods And Services" worksheet showing you exactly what that service costs today. There is no charge for this and you are under no obligation.
Prearranging a funeral is an excellent way to make sure that the type of service you want is permanently recorded and gives you an exact cost for that service. This is an thoughtful way to make sure your family knows your wishes, therefore relieving them of the burden of making hard decisions when the time of need arises. Prepaying a funeral allows you to lock in the cost of the funeral today so that your family will have no financial burden in the future.
There are two methods available to pre-pay for a funeral: a regulated funeral trust or a life insurance policy.
It may be necessary for the prearranged funeral contract to be termed as "irrevocable" if the funeral recipient is applying to or is currently receiving Medicaid assistance. Making the contract irrevocable does not change what or how the Ralph Meyer & Deters Funeral Home will provide the services and merchandise at the time of need, but does revoke the right of the contract owner to "cash-in" their funeral prearrangement.