Glencarraig
New Member
- Messages
- 3
My wife and I are considering purchasing a buriel plot in a privately owned and run cemetery which is in no way cheap. I have some concerns about handing over a large sum of money to a private company which like any company could run into financial difficulties. I have been unable to find out if such companies are obliged to lodge any kind of bond or maintain sufficient funds for the continual upkeep and operation of the cemetery.. I have established that although I will have a deed showing that I have the right to use the plot I do not actually own the land on which the plot is located nor could I "sell it on" to a 3rd party. It could however be sold back to the private company should my circumstances change (lost at sea or similar mishaps) The use would pass to my children as per my will. My question is, is there any advice available as to where I stand should the owners of the private company fall into financial trouble and ceased to trade, what happens to my pre purchased plot?