NPS’ sister corporation, Forever Illinois, used the Illinois self trusting provisions to administer preneed funds. As with funeral operators, Senate Bill 1682 will force Illinois cemeteries to seek corporate fiduciaries to administer their preneed and endowed care funds.
belleville
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…