1030.000.00 Available Resources (OAA and PTD)

1030.020.10 Pre-need Burial Contracts and Personal Funeral Trust Accounts

IM-154 October 7, 2019

Pre-need burial agreements/contracts are funds deposited with a funeral home as payment for future funeral or burial services.

Personal Funeral Trust accounts can be set up with a financial institution to pay for future funeral or burial services. 

Pre-need burial agreements/contracts are considered as an available resources based on the type of agreement.  Pre-need burial agreements/contracts fall into one of three categories:

  1. Agreements prior to October 13, 1965
  2. Agreements between October 13, 1965 and August 27, 2009
  3. Agreements created on or after August 28, 2009- which introduced Personal Funeral Trust accounts

Note:  All revocable pre-need burial contracts are a countable resource.