MontanaSB 30569th Legislature, Regular Session (2025)SenateWALLET

Revise funeral trust laws

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Stronger protections for prepaid funeral funds

Funeral providers must put your prepaid money into a protected account within 10 business days. The money must go into a bank, savings and loan, or credit union that has an office in Montana and is organized under state or U.S. law. Deposits must be federally insured and handled under the state's prudent investor rule, which cannot be waived. The funds are a trust for you and must be kept in a separate account titled in the depositor's name as trustee for you.

Sponsors & Cosponsors

Sponsor

Mike Cuffe
Republican • Senate

Cosponsors

Nelly Nicol
Republican • House

Roll Call Votes

All Roll Calls

Yes: 295 • No: 2

Senate vote • 3/28/2025

Do Concur

Yes: 98 • No: 1

Senate vote • 3/27/2025

Do Concur

Yes: 97 • No: 1

Senate vote • 2/27/2025

Do Pass

Yes: 50 • No: 0

Senate vote • 2/26/2025