Delaware § 3404 - Irrevocable trust accounts.
Full text of Delaware Delaware Code § 3404 — Irrevocable trust accounts., with citation guidance and answers to common questions.
§ 3404. Irrevocable trust accounts.
(a) Any person, partnership or corporation who enters into a preneed funeral contract has the option, at any time, to establish an irrevocable trust for all funds or any portion of payments made or to be made under the agreement, contract or plan. At no time shall such funds exceed $15,000.
(b) The trust document establishing an irrevocable trust shall contain such specific provisions as the Commissioner may by regulation require.
68 Del. Laws, c. 389, § 5; 70 Del. Laws, c. 310, § 1; 71 Del. Laws, c. 19, § 10; 76 Del. Laws, c. 36, § 2;Frequently Asked Questions About Delaware § 3404
What does Delaware Code § 3404 cover?
Section 3404 ("Irrevocable trust accounts.") is part of the Delaware Code, the codified statutory law of Delaware. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Delaware § 3404?
A common citation format is "Delaware Code § 3404" (Delaware). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Delaware law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Delaware official source linked on this page or consult a licensed Delaware attorney.
How does Delaware § 3404 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Delaware can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Delaware.