Preneed: A Pandora's Box of Problems
The Missouri Preneed Trust: What were you thinking?
Investment markets are down, and preneed trusts are hurting. But one Missouri preneed trust is probably hurting more than others. When the Missouri Funeral Directors and Embalmers Association cheerfully announced the acquisition of the Missouri Preneed Trust program by its own MFT, we were shocked. The Missouri…
With this post we are returning to the misstatements made by the Missouri Funeral Directors and Embalmers Association in their May video explaining preneed portability. At minute 10:18 of the MFDEA video, the association attorney advises that Chapter 436 only allows transfer of preneed contracts to funeral homes licensed by the Missouri State Board. Employing…