2-009.07A3a(1) Interest on Burial Trusts

469 NAC 2-009.07A3a(1)

For irrevocable burial trusts contracted on December 31, 1986, or earlier, the individual was allowed to stipulate whether the interest or dividends accruing to the trust fund were irrevocable. If the interest or dividends are irrevocable, they are disregarded. The worker shall determine if the contract stipulates that the interest or dividends are irrevocable.

For irrevocable burial trusts contracted on January 1, 1987, or later, all accrued interest or dividends are also irrevocable.