Transferring Plans

When you Plan in advance and develop your Plan, that Plan belongs to you. It is yours. Any funds associated with the Plan are yours. You have the flexibility of moving or transferring your Plan to any firm of your choice - locally or even out of state.

To make a transfer simply coordinate with the new firm. If it is a listing of information and facts with no funds involved, it becomes a non-funded Plan at the new provider. If funds are involved, you will be asked to sign three forms for a lateral transfer to the new provider. The procedure will be monitored by the North Carolina Board of Funeral Service.

If the transfer is to Wilson Memorial Service, you may expect an annual report on funded Plans so you know the location of and the amount in your account. Funds are not usually taxable. The same report is made to the state each year and to Medicaid if appropriate.

Should there be excess funds in the account following death that were not used, it will be returned by the bank or insurance company holding that balance according to state law. These procedures are audited by the Board of Funeral Service to assure the Plan is closed properly.

Your questions are welcome.




Wilson Memorial Service

Wilson Memorial Service, Inc.
2811 Fieldstream Dr. N
Wilson, NC 27896


Phone: 252-237-7171

Email:
jeffshackleford@embarqmail.com danshackleford@embarqmail.com


2811 Fieldstream Dr. N Wilson, NC 27896 1 252-237-7171