Death Care Law Blog
February 26 2012
For the past three and half years many Illinois funeral homes teetered on the brink of financial crisis when the IFDA master trust was forced to write down the value of preneed accounts invested in a special tax exempt fund. As reported last week by the NFDA’s Memorial Business Journal the “new” IFDA has negotiated settlements that could restore a significant portion of the write down of the tax-exempt fund. Credit is due to those funeral directors who made a commitment to change the leadership at the association.
Read the full article at the Death Care Law Blog