It has to be bad when your main source tells you its time for the Methadone clinic. With the worst financial crisis in our lifetime, and spiraling costs, what funeral director isn’t already battling a case of the sweats and shakes when reviewing his/her preneed program? And now you’re being told to go cold turkey on
November 2008
Mark-to-Market and Preneed: a bitter, but necessary, pill?
By Bill Stalter on
Posted in Legislation, Preneed
For twenty-two years many Missouri funeral directors have deposited 80% of the preneed funeral contract purchase price into trust, and withdrawn all income in excess of that deposit. For a $5,000 contract sold in 1998, the funeral director has been required to maintain $4,000 in trust. When that contract is performed in 2008, the funeral…
Who would have thought it: a Forever cemetery and financial irregularities
By Bill Stalter on
Posted in Cemeteries, Preneed
When its Halloween, the media is naturally attracted to a story that involves horror and a cemetery. The Belleville News-Democrat found a new type of horror for its seasonal article involving a cemetery: Missing Trust Funds!
For added suspense, the newspaper reports there are two cemeteries, and both were (or are?) owned and operated by…