The laws of most states provide a comprehensive regulatory framework governing cemetery and funeral home operations, cemetery and funeral home trusts relating to preneed contracts and cemetery trusts relating to endowment care.

Despite these extensive regulations, state regulators too often find themselves confronting situations where trust funds have been dissipated by bad or impermissible investments, diverted by operators for improper purposes or inappropriate schemes or even embezzled.

Originally published in the August/September 2017 edition of ICCFA Magazine.