Funeral Expenses. An executor does not necessarily take on financial responsibility for the decedentâs funeral arrangements. When he acts in his capacity as executor, he is making financial decisions for the decedentâs estate, and the decedentâs funeral arrangements become a debt of the estate.
By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are special issues of the United States Treasury. Such securities are available only to the trust funds.
Enhanced cash funds are bond funds similar to money market funds, in that they aim to provide liquidity and principal preservation, but which: 1  Invest in a wider variety of assets, and do not meet the restrictions of SEC Rule 2a-7; 2  Aim for higher returns; 3  Have less liquidity;  Do not aim as strongly for stable NAV.