Posted By Josh Slocum on April 19, 2012
Hats off to the Georgia Funeral Directors Association (yes, really!) for their work this legislative season. Thanks in large part to their efforts a proposal to allow consumers’ prepaid funeral money to be taken out of FDIC-insure accounts and invested in more risky products was defeated. In addition, consumers are now entitled to a refund of 97 percent plus interest if they cancel a prepaid funeral contract. Cemeteries that sell merchandise preneed will now have to deposit slightly more into trust as well.