Burial funds definition

Burial funds means a prepaid funeral contract or burial trust with a funeral home or burial association which is for the individual's or spouse's burial expenses.
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Burial funds means a revocable burial contract, burial trust, or other burial or funeral arrangement or any other separately identifiable fund which is clearly designated as set aside for a person's burial or funeral expenses.
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Examples of Burial funds in a sentence

  • Burial funds are an identifiable fund set aside for a client’s burial costs.

  • Burial funds cannot be excluded if they are commingled with nonburial-related assets.

  • Burial funds means a prepaid funeral contract or burial trust with a funeral home or burial association which is for the person's burial expenses.

  • Burial funds can be moved to different accounts or financial institutions without being considered redesignated if the applicant or recipient can demonstrate the amount that was principal from that which was earnings, and these amounts are consistent in the new account or financial institution.

  • Burial funds of up to one thousand five hundred dollars each, plus earnings on excluded burial funds held for the individual and the individual's spouse are excluded from the date of application.

  • Burial funds mixed with other resources are treated as non-excluded resources.

  • Burial funds may consist of revocable burial accounts, revocable burial trusts, other revocable burial arrangements including the value of installment sales contracts for burial spaces, cash, financial accounts such as savings or checking accounts, or other financial instruments with definite cash value, such as stocks, bonds, the cash surrender value of life insurance not excluded under subsection 3a below, or certificates of deposit.

  • Burial funds can be designated retroactively, back to the first day of the month the client intended the funds to be set aside.

  • Burial funds, not including added interest or dividends, or both, as defined and allowed for eligibility under the medical assistance program or its successor.

  • Burial funds must be clearly designated for the client's or spouse's burial, cremation, or other burial-related expenses.

Related to Burial funds

  • Special Fund means any fund other than the city general fund.

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • Local fund means any of the local retirement funds for

  • General Fund means the Fund so designated and established by Article V hereof.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Fresh Funds means funds that:

  • State funds means any funds appropriated by the North Carolina General Assembly or collected by the State of North Carolina. State funds include federal financial assistance received by the State and transferred or disbursed to non-State entities. Both Federal and State funds maintain their identity as they are disbursed as financial assistance to other organizations.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.