North Carolina Funeral Law Practice Exam

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Prepare for the North Carolina Funeral Law Exam with our comprehensive quiz. It includes helpful hints and multiple-choice questions to ensure you're ready for licensure. Understand the laws, regulations, and ethical practices necessary for a successful funeral service career.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Trust accounts for preneed funeral licensees must be carried in the name of the licensee as what?

Owner
Trustee
Beneficiary
Administrator

The correct answer is: Trustee

Trust accounts for preneed funeral licensees must be carried in the name of the licensee as the trustee because the role of a trustee involves managing the funds on behalf of another party—in this case, clients who have made preneed arrangements. This designation ensures that the licensee has the legal authority to manage the trust account appropriately while adhering to the fiduciary responsibilities that come with such a position. As a trustee, the licensee is obligated to act in the best interests of the beneficiaries (the individuals who have prearranged their funeral services), ensuring the funds are protected and used solely for the intended purpose. This structure is vital for maintaining trust and accountability in the management of funds related to preneed funeral services.