Resources – Burial Funds and Irrevocable Burial

Explanation of when individual has a combination of a revocable burial and an irrevocable burial and how to count the resources and exclusions.

Revocable Trust

Revocable trust: means a trust in which the grantor has retained the right to terminate or revoke the trust and reclaim the trust principal and income. Unless a trust is specifically made irrevocable, it is revocable. Even an irrevocable trust is revocable upon the written consent of all living persons with an interest in the […]

Revocable Burial Fund

Revocable burial fund – revocable means the grantor has retained the right to terminate or revoke the burial fund and reclaim the trust principal and income. A burial fund is a prepaid funeral contract or burial trust with a funeral home or burial association which is for the person’s burial expenses. Policy regarding this term […]