More than $500,000 could be missing from pre-need funeral providers’ trust accounts to cover burial obligations for hundreds of Mississippians, officials say.
The state has pending legal action or hearings planned for owners of at least eight pre-need burial pro-viders.
“It’s a growing concern,” Secretary of State Delbert Hosemann said Friday. Misapplying trust funds from someone’s funeral arrangements is “literally grave-robbing,” he said.
Funeral home providers who sell “pre-need” funeral plans not funded by insurance are required by law to place in trust a certain amount of funds paid by the buyer.
Current law requires that at least 85 percent of pre-need funds be placed in a trust account.
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