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Burial Insurance
Burial insurance with no CSV is exempt. Burial insurance with a CSV is considered a revocable burial fund.
Burial Plots, Vaults, Crypts and Related Items
Exempt
A burial space and related items are exempt if they will be used by a member of the family. Member of the family as it applies to this section only includes the individual and his/her:
- Spouse
- Adult or minor children (including adopted and stepchildren)
- Siblings
- Parents, including adoptive parents
- The spouses of any of the individuals listed above
Family members are not required to be living in the same household as the client in order for the burial space to be exempt.
The following items are exempt as a burial space and/or related items:
- Plots or grave sites
- Crypts
- Mausoleums
- Caskets
- Urns, niches or other repositories customarily and traditionally used for bodily remains.
- Vaults or liners
- Headstones
- Markers
- Plaques
- Burial containers (for caskets)
- Arrangements for opening and closing of the grave site
- Contracts for care and maintenance of the grave site (endowment care)
Verification
Obtain a copy of the contract. If burial space and related items are being purchased by installment payments, the funds applied towards the value of these items, including the interest earned on burial space funds, is exempt.
Nonexempt
Burial plots which are not retained for use by a family member are treated as other real property. Other nonexempt burial vaults, crypts, etc., must have their market value included in the property reserve.
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