What should happen to a pre-need agreement that is originally revocable?

Study for the Tennessee Funeral Laws, Rules, and Regulations Exam. Get ready with multiple choice questions and valuable insights. Enhance your understanding and ensure success!

A pre-need agreement that is originally revocable may indeed be declared irrevocable under specific circumstances. In the context of Tennessee Funeral Laws, if a consumer wishes to change a revocable agreement to an irrevocable one, certain legal processes can be undertaken, typically requiring the consent of all parties involved and possibly the adherence to regulations governing such changes.

Designating a pre-need agreement as irrevocable can be a strategic decision for consumers seeking to ensure that their funeral wishes are honored without the risk of changes later on. It also often includes funding mechanisms such as trust funds, which guarantee that the funds are used solely for the intended purposes as outlined in the agreement.

This flexibility in altering the nature of a pre-need agreement allows consumers to make choices that best fit their needs and preferences while ensuring the protection of their final arrangements. Therefore, the option of declaring a revocable contract as irrevocable is valid and reflects the legal framework that governs pre-need agreements in Tennessee.

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