A former Funeral Director in Michigan has been charged with defrauding Customers. In this case The director not only hurt the families that bought preneed or prepaid policies he also hurt the former business owner of the Funeral Home.
This serves as a warning to those who want to exit the funeral industry and the need to check out who and how they dispose of their business.
Mr. Prochnow had purchased the business portion of the Bennett Funeral Home on S. Dixie Hwy. just south of Albain Rd. in 2006 from Darrell Bennett, who retired with his wife to Florida after selling the business.But Mr. Bennett, now 78 years old, said monthly payments were not paid and he discovered other payments for services were ignored. Over the past several years, he said he personally lost a total of about $325,000 to bad business. When he returned from Florida this summer to take over operations, the company was in shambles.Mr. Bennett said the building was not properly cared for — there wasn’t hot water — and the vehicles, including the hearse and limousine, were being repossessed though he had paid them off 10 to 15 years ago.“I can never imagine anything of this magnitude ever happening,” Mr. Bennett said. “It’s put me in the biggest hole I’ve ever been in my lifetime.”In addition to accusations of stealing money from Mr. Bennett, Mr. Prochnow has been charged with accepting prepaid funeral payments and using the money for his own benefit.
This shows that just taking a bank note may not be the best strategy, may not be the best strategy in exiting the funeral business- in an age of Funeral industry decline, when profits are down and cremation is on the rise.
Funeral industry| Funeral News | funeral blog by Your Funeral Guy
This article presents one more reason as to why one should not purchase funeral preneed or aprepaid funeral.
- Certificates of Deposit: Funeral Director Defrauds with Prepaid Services (visualeconomics.com)
- 2011-Positive Funeral Industry Change in Personalization and creativity-YourFuneralGuy (yourfuneralguy.wordpress.com)