Burial Trust
One irrevocable burial trust, per person, is exempt if the total cost does not exceed $300. Any amount over $300 is counted in the personal property limit.
Note: The policy MUST state “irrevocable.” A policy may be changed from revocable to irrevocable with no penalty. A new policy showing the word “irrevocable” is required before the policy can be exempted.
Burial Plot, Vault or Crypt
One interment plot, vault, or crypt, per person, is exempt if retained for personal use.
Related Topics
Equipment and Materials for Self Employment
Real Property Not Used as a Home