MKS&H Articles

Should you worry about Funeral & Cemetery Preneed Trust Law Changes?

[fa icon="calendar'] May 11, 2016 2:11:16 PM / by admin posted in Trust Fund, cemeteries, death care, funeral homes, Death Care Industry

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         After the addition of three amendments, passing through the Senate and almost making it through the House, Senator Tom McGarrigle's Senate Bill 874 was removed from the table in the Pennsylvania House of Representatives in mid April 2016. This doesn’t, by any means, mean the bill will not resurface, which is what those in the death care industry need to be concerned with.

If this bill passes, cemeteries throughout Pennsylvania, and potentially other states, would need to change, in some cases significantly, the way they’ve been for doing business for decades. However, there has been pushback. In January 2016, the International Cemetery, Cremation and Funeral Association submitted testimony to the House of Representatives stating that there has been no evidence of consumer harm from the current laws. There’s even a Facebook page for consumers who are against the bill.

Here, we’ve assembled some of the information related to PA Senate Bill 874, to give you a better understanding of the changes it would require from those in the death care industry, in case the bill surfaces again.

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Obama’s Tax Reform Proposal; A Closer Look at the Trust Fund Loophole Adjustment

[fa icon="calendar'] Feb 10, 2015 1:30:33 PM / by admin posted in Trust Fund, tax, Tax Reform

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The day before the President’s State of the Union address, the White House released a “fact sheet” on what they call his “proposed reforms for a simpler, fairer tax code”. Are these proposals really intended to make the code simpler? Are they really fair?

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