On Friday September 14, 2012 Dane County Circuit Judge William Foust placed the Wsconsin Funeral Home Directors Association fund with a receiver. A receiver is another (Milwaukee Attorney John Wirth) appointed by the court to manage the fund pending the outcome of the investigation.
The fund has been formed by collecting money as prepayment for future funeral services. Approximately 10, 500 family's have purchased this Wisconsin funeral home product. Family's prepaid in to the fund expecting the money to be conservatively invested to maintain the principal and earn a small amount to off set the expected increase of cost with the passage of time.
Wisconsin Department of Financial Institutions and The Department of Justice petitioned Judge William Foust to place the operation of the fund in receivership and temporarily stop the selling of this prepaid funeral plan. The court became concerned with the large sum of money diverted from the fund due to a practise of investing in risky high growth products.
The Funeral Home Directors have been serving their community in a responsible manner. The fund managers appear to have unsuccessfully tried to enhance revenue through risky investments, and lost money.
Home Care Path encourages seniors and their family's to continue to watch this investigation as it unfolds.
Home Care Path www.homecarepath.com is a leading senior care provider serving south central Wisconsin. Services include:
-in home staffing with help for ADL's and IADL's
-inpatient advocacy for safe successful hospital stays
-crisis intervention with transitional counseling
-temporary help with a scheduled day surgery
-downsizing home contents when stuff matters
-communicate face to face on the computer across long distances
Simply call 608-432-4286 to schedule an in home interview. We can be there when you are working. Email lkutzke@homecarepath.onmicrosoft.com We accept long term care insurance. Services are tax deductible. Valuing home and human life. 2012 rates are 20.00 per hour.
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