The economy has preneed regulators concerned about depository accounts used for preneed funding. A story reported in the Atlanta Journal-Constitution underscores the reason for this worry. When a funeral home fails, consumers have little chance of defending the depository account from creditors’ claims. Insurance and trusts offer the consumer better protection when the creditors come knocking.
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Dropping A Dime in the Land of Lincoln
By Bill Stalter on
A few years ago, a past president of the NFDA wrote in The Director that funeral directors should begin blowing the whistle on industry cheaters. This blog raised a concern over whether funeral directors understood applicable preneed laws well enough to become whistleblowers. A recent news article in the Morris Daily Herald contains facts to…