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.
Vanguard Cash Reserve Fund is a unit trust incorporated in Australia. The Fund seeks to match the return of the UBS Australian Bank Bill Index before taking into account fund fees and expenses. The Fund invests in cash deposits and short term debt securities, debt securities rated A-1 or above, and futures. Address.