Questions IFDA TRUST FOUNDERS must answer.-YourFuneralGuy

5 Apr
Senator Burris it is time to answer questions on the funeral trust situation in Illinois.

Senator Burris it is time to answer questions on the funeral trust situation in Illinois.

The two founders of the Illinois Founders Preneed trust fund are Eric Trimble of Moline, IL  and Roland Burris of the United States Senate or if you like Chicago,IL. Eric Trimble was  IFDA President in 1979 when the trust was founded in 1979. Roland Burris issued a license to the fund in 1980 when he was comptroller of the State of Illinois.

The IFDA ,Illinois Funeral Directors Association, when operating the trust has been accused of offering a ponzi scheme in lawsuits. In the Fall of 2008 there was a writedown of 59 million dollars. The Illinois Funeral Directors aasociation no longer manages the trust.

Some Funeral directors in the state are out a lot of money. Funeral Directors are claiming they are going to cover non guarranteed policies. But a failed promises were the cause of this mess in the firstplace.

“The IFDA on the IFDA Preneed Trust. In addition to the growth trust which has been available since 1979 a tax exempt fund first offered in 1986 gives your clients the option of having their accounts grow tax free.”-from the 2008 yearbook.

For Mr. Eric  Trimble of Moline, IL. When the IFDA Preneed Trust was created why did it not have a corporate fiduciary? This question goes to the core of the IFDA Preneed trust problems.

For US Senator Roland Burris.When the IFDA was given a license to sell and manage the IFDA Preneed trust, why was not the IFDA  required to have a corporate fiduciary? This would clear up basic questions.

Answers to these questions would go along way toward “trust” the ingredient needed for realistic solutions.

Funeral Consumers and Directors in the State of Illinois and around the USA would like answers.

Funeral Industry| Funeral  Blog by Your Funeral Guy.

Burris Pic fromThe Third Estate Sunday Review’s photostream on Flickr

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