A perpetual trust is a trust that holds significant assets and can last for a significant period of time, depending on the governing state law. Generally, a perpetual trust will remain free of transfer tax during its existence. Cemetery and Church organizations can use perpetual trusts to not only maintain existing cemetery land, but can use the power of each to expand facilities.
At Jorgensen, Brownell & Pepin, our real estate attorneys can advise your Church or Organization regarding how to establish to perpetual cemetery trust. Additionally, we can advise you regarding the drawbacks, benefits, rights, and responsibilities of establishing a perpetual cemetery trust. |
