Who is responsible for examination expenses related to a funeral prearrangement trust fund during a change of ownership?

In Washington State, when a funeral prearrangement trust fund undergoes a change of ownership, the selling entity is responsible for the examination expenses associated with that trust fund. This requirement is in place to ensure that the funds are properly managed and that any necessary audits or examinations are performed to comply with regulatory standards.

This responsibility rests with the selling entity because they have the obligation to ensure that all financial matters, including trust fund management, are in order before transferring ownership to the buying entity. This ensures transparency and protects both the interests of consumers and the integrity of the prearrangement trust funds, which are designed to secure funeral services for individuals who have made prearrangements.

The other parties, such as the buying entity, state regulatory body, or the family of the deceased, do not bear this financial responsibility during the ownership transition, as their roles differ in this context. The framework is set to ensure that the selling entity takes accountability for the proper handling of any associated costs and to maintain the trust's intended purpose.