Additional Funds Placed in a Burial Account Example

The customer has designated a bank account of $1,000 as a burial fund, and received a Burial Fund Exclusion of $1,000. Two years later, the customer wants to add to her burial account. Even though her burial account balance is now $1,050 due to accumulated interest, she may add up to $500 to the account (the difference between the original designated amount and the maximum of $1,500).