4) Revocable Burial Contract Including Burial Plot Items

Official source

The customer applied in February and has a single revocable burial contract worth $4,500.00 that he purchased two years before. Because the resource includes only burial-related resources, it does not have to be separated to allow the Burial Fund Exclusion.

The contract lists $2,500 in burial services and $2,000 in burial plot item. The full $2,000 for the burial plot items are excluded if separately listed and value given. $1,500 of the contracted burial services is excluded as a burial fund. The remaining $1,000 is a counted resource. Since the funds were designated by title before the application date and do not need to be separated, the exclusions begin with the application month.

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4) Revocable Burial Contract Including Burial Plot Items

Official source

The customer applied in February and has a single revocable burial contract worth $4,500.00 that he purchased two years before. Because the resource includes only burial-related resources, it does not have to be separated to allow the Burial Fund Exclusion.

The contract lists $2,500 in burial services and $2,000 in burial plot item. The full $2,000 for the burial plot items are excluded if separately listed and value given. $1,500 of the contracted burial services is excluded as a burial fund. The remaining $1,000 is a counted resource. Since the funds were designated by title before the application date and do not need to be separated, the exclusions begin with the application month.