Interest on burial funds may be exempt.
Example: A client's burial trust is valued at $1,895. The client has received SSI since May 1993 and purchased the prepaid in August 1993. Originally $1,750 was deposited in the trust. The trust has earned $195 in interest since the client began receiving SSI. The $1,895 burial trust is accounted for as follows:
$1,500 is exempt prepaid burial, $195 is exempt as interest, and the remaining $250 is nonexempt and applied to the asset limit.
Illinois Department of Human ServicesJB Pritzker, Governor · Grace B. Hou, Secretary
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