More info on ILLINOIS FUNERAL DIRECTORS ASSOCIATION LAWSUIT was disclosed yesterday. What they said about their coming court case was quite confusing.
Without naming the names of the parties involved this is what the executive director of the IFDA said:
“The IFDA Preneed Trust began operating in 1980 under a license issued by the Illinois Office of the Comptroller which regularly renewed the license over the course of more than 25 years. At this juncture, our counsel is reviewing this legal filing to determine the most appropriate course of action to defend our Association, our members and the truth.”
The part that is a tad bit confusing is this: The current comptroller took away the IFDA’s license to manage the trust fund, because the IFDA should not have been given a license to manage the fund in the first place.
So how can a Comptroller renewing the license be a defense?
One lawyer sorted it out at deathcarelaw.com offered some insights.
Can anyone comment and enlighten me here?
Blog by Your Funeral Guy.
This is a sad state of affairs for the Funeral Industry, preneed and your funeral cost.
Statement E- mailed to me by the current IFDA executive director.
An apology, the last post on this subject was deleted due to to a computer malfunction.