Skip to main content
Find a Lawyer

Utah Code Title 58. Occupations and Professions § 58-9-703. Trust agreement

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Each trust established by a funeral service establishment shall be administered in accordance with a trust agreement conforming with:

(a) the requirements of this chapter;

(b) rules adopted with respect to this chapter;

(c) the provisions of Title 75, Chapter 7, Utah Uniform Trust Code; and

(d) all other state and federal laws applicable to trusts and trust agreements.

(2) Each trust agreement shall require that the funeral service establishment maintain a copy of the trust agreement until five years after all of its obligations under the trust agreement have been executed or transferred.

(3) Each trust agreement shall require that the trustee:

(a) separately account for each contract; and

(b) separately record payments with respect to each contract made into the corpus of the trust.

(4) Each trust agreement shall provide for distributions from the trust in accordance with the provisions of this chapter upon:

(a) the death of the beneficiary;

(b) revocation of the contract by the funeral service establishment upon nonpayment by the buyer; or

(c) revocation of the contract by the beneficiary or buyer.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Utah Code Title 58. Occupations and Professions § 58-9-703. Trust agreement - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-58-occupations-and-professions/ut-code-sect-58-9-703/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard