In N.J. your money is safe. N.J. does not allow the consumer to prepay the funeral home directly. Prepaid funerals must be deposited in either a paid-up insurance product or a pooled trust fund. Either funding vehicle is controlled by the consumer, earning interest and transferable to another funeral home at any time or refundable to the consumer. (Exception: Irrevocable/Medicaid situation is not refundable but can be transferred)