At the time of filling out your Pre-Need Agreement there are certain points you want to cover with your funeral director.

You want to review your selections for your funeral and be clear as to what may and may not be guarenteed.

You should be aware of where your funds will be deposited and in what manner they may be invested as well as any fees that may be charged. In Trust Accounts and Savings Accounts some State Laws allow the funeral director to take a percentage of the Pre-Need Agreement at the time of creation as consultation or administration fee. This is similar to commissions paid to funeral directors who sell insurance based products.

You should discuss the effect of cancellations or changes to your Pre-Need Agreement. Many state require a "Right to Rescind" clause or a cooling off period. If you cancel the Agreement prior to the expiration of this time period you receive a full refund. After this time period there may be an administration fee withheld from your refund.

After this time period, an irrevocable Pre-Need Agreement may not be canceled. However, it may in many cases be transferred to another funeral establishment. This may be desirable should you move from one area of the country to another. A transfer may void any guarantees you secured from the orginating funeral director.