Your Funeral Guy: Mismanagment of Preneed Funds A Crime? or Just a Funeral Cost Dime?

Forty Million bucks is nowhere near a dime. So where is the line that makes it a crime?
This is a question that needs to be addressed. Most people are not warned that they should not do preneed if they want a low funeral cost and do a lower cost funeral.What amount makes it a crime? 10 cents, $10, $20,000, $40,000,000 If someone trusts some one else and they mismanage the money is it a crime? Probably not. In some cases yes. In the IFDA Preneed Trust Scandal, we do not know yet!

We do know that the State of Illinois Comptroller took away the Illinois Funeral Directors Associations License away so they no longer are the managers of the fund. Whether the State of Illinois calls it a crime or requires a correction to be seen.They have not given us enough information yet.Yes they have not given the families, the associations members or the public the full story. It could be said don’t due the preneed crime if you can’t do the the time.

Prosecutors and police often are hesitant to take action because of layer upon layer of Insurance Law. This is why Funeral Director Associations and Funeral Corporations have highly paid lawyers to defend them.This is exactly why at the AARP website they tell you not to do preneed. Most people are not warned that they should not do preneed if they want a low funeral cost and do a lower cost funeral.

It is most interesting that the IFDA has not made a statement yea or nay whether criminal activity is involved.

Recently in Nebraska, There was an instance where the State Department of Insurance did not call it a crime. If you like you can go here and read about it:

http://www.journalstar.com/articles/2008/02/17/news/local/doc47b78600b36ac575821489.txt#blogcomments

I addressed these issues in the book.

Rest in Peace: Insider’s Tips to the Low Cost Less Stress Funeral by R. Brian Burkhardt and Matt Bacak

Your Funeral Guy, Author, Funeral Director Illinios and Virginia.

AkA R Brian Burkhardt

Your Funeral Guy and Matt Bacak

Your Funeral Guy and Matt Bacak

Matt Bacak and Your Funeral Guy co-authored a book together. Your Funeral Guy stumbled upon Matt Bacak  just like he stumbled upon The Illinois Funeral Directors Association -IFDA Preneed Trust Scandal . In July of 2007 Matt immediately encouraged Burkhardt (Your Funeral Guy) to finish the book on funeral cost.  Heres the book:

Rest in Peace: Insider’s Tips to the Low Cost Less Stress Funeral by R. Brian Burkhardt and Matt Bacak (Paperback – May 2008)

Here is Matt Bacak’s amazon.com  bio:

“Matt Bacak began investing his first earnings at the tender age of 12, a young businessman in the making. Now, 15 years later, Bacak survived failed businesses, botched partnerships, heavy credit card debt and bankruptcy – all in preparation for the accomplishments he has achieved today as a well-established Internet marketer and best-selling author.

Matt Bacak became a millionaire at the age of 27. He currently is running Three (3) multi-million dollar companies and each company was built using the internet. Just by using the internet, Matt’s first company grew by 1057% last year alone. His second company made $500k in less than 2 months. His third company, which he built in Feb of 2006, made it’s first million by the end of that year.”

I said it wrong Matt Bacak stumbled upon Your Funeral Guy.

Matt Bacak continues to encourage R.Brian Burkhardt to help families around the world Lower Their Funeral Cost.  Matt Bacak is true genius and many leaders in all professions consult with him. He promotes broad prosperity, personal freedom, shared responsibility and a better future for all in all corners of the globe.

He may be the next Bill Gates.

 

Your Funeral Guy,

Author, Funeral Director, Illinois, Virginia.