Almost a year to the date after SB1 was signed into law, one of the NPS sister companies was forced to close its doors. The recent Kansas City Star article about Mt. Washington Forever Funeral Home and Cemetery describes a situation that confused and disheartened the families who purchased Mt. Washington preneed contracts. The Missouri
Illinois’ Cemeteries and SB 1682
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.
Who would have thought it: a Forever cemetery and financial irregularities
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…
The First Salvo: Nixon and the NPS affiliates
In what may prove to be a lengthy legal proceeding, Missouri Attorney General Jay Nixon filed suit against Forever Network, Inc., an affiliate of National Prearranged Services (NPS). While the suit may duplicate the injunctions effected by the Agreed Order obtained by the Texas Department of Insurance, consumers should take comfort by the fact Mr. Nixon has begun taking action.