In the late 19th and early 20th centuries, a wooden church was built in the village of Karamzinka with funds from the Zemstvo, near the grave of V.M. Karamzin. It was consecrated in honor of the Icon of the Mother of God 'Sign'. During the Great Patriotic War, the crypt of the partially destroyed church was dismantled for bricks, and the remains were carelessly thrown into a pit and covered with debris. The monument was destroyed.

In 1995, it was decided to transport the remains of the church from the village of Znamenskoye to Ulyanovsk for restoration. By that time, almost no residents remained in the village, and the burial site of V.M. Karamzin, known only to a few local historians, could have been lost. In early May of that year, the Spaso-Ascension parish organized an archaeological expedition, during which the remains of V.M. Karamzin and O.V. Nirotmortseva were transported to Ulyanovsk. The findings in the burial pit were shocking. The 'Report on the Archaeological Search and Study of the Remains of the Burial of V.M. and O.V. Karamzins' stated: 'The filling of the burial pit consisted of humus mixed with fragments of bricks, lime mortar, broken glass, pieces of tin, parts of agricultural machinery, harrows, gears, pieces of steel ropes, and so on. It seemed like a utility pit filled with household and construction waste.'

On May 7 of the same year, the remains of the Karamzins were reburied in the cemetery of the former Pokrovsky Monastery, and a monument made from the preserved parts of the gravestone from the village of Znamenskoye was erected next to the grave. Today, the grave of V.M. Karamzin and his daughter is well-known in the city and is frequently visited.