The value of burial spaces held for the purpose of providing a place for the burial of all unit members is not counted as an available resource. A burial space includes a crypt, mausoleum, or other repository for the remains of a deceased person. This exemption also applies to markers, vaults, etc., but does not include services, burial fees, etc. These items are exempt only if they are actually purchased.
If the client has a life insurance policy for the purchase of burial items, the cash value is included in the $3,000 limit if the policy is irrevocably assigned (see 468 NAC 2-008.07A3b). If the policy is not irrevocably assigned, it is considered life insurance and the cash surrender value is considered a resource (see 468 NAC 2-008.07A).
(2/20/90)