What does Burrying a dead character do?

[Erichilles]

You get to pick one of their items as a memento. I assume that the grave can be randomly discovered by subsequent characters similar to leaving money in the well, but I was hoping to get confirmation. Also not sure how it would work depending on the level of the item.

[Erichilles]

Nvm, I should have just clicked the info button on the window...

Makes the item available as a starting gift for a future character it seems

[AriMic]

You are correct. Glad i could help you