Public Aid Guide

$1,500

$5,219*

*(if in an irrevocable trust)

Burial Trust or Life Insurance*

*If face value is more than $1,500, then the cash value is considered against the asset disregard

• If you set-up an irrevocable trust agreement with a funeral director, $5,219 of your service cost and cash advance items will be exempt.
• If you set-up a revocable trust agreement with a funeral director, $1,500 of your service costs and cash advance items will be exempt.

Also

• You will be allowed $2,000 in asset disregard.
• You will be allowed to set up funds for the value of a casket, vault, opening and closing costs, grave space, marker, crypt and mausoleum

And

• Other exempt assets are clothing, homestead property, household furnishings and one motor vehicle.
• If your service charge and cash advances equal more than $5,219, the amount over $5,219 will reduce your $2,000 cash asset.