Two of the country’s largest association ran master trusts now have pending plans of reorganization.  On May 14th, the receiver appointed for the Wisconsin Master Trust filed a Final Report that outlined to a court his proposal for the reorganization of that program.  On May 22nd, a hearing was held in a California on the Attorney General’s proposal to reorganize the master trust established by that state’s funeral directors association.  Both proposals substantially alter the relationships among the funeral directors association, member funeral homes and the master trusts.  Over the next few weeks we will examine the changes made to these master trusts.