how much can you put in a burial account
Many funeral homes offer prepaid services or insurance funded plans. They will be able to make the arrangements irrevocable. Note that in virtually all states it is also possible to fund a burial account in addition to the irrevocable funeral trust. This should be established as a bank account titled John Doe Burial Account owned by the applicant. The account should have a POA and a named beneficiary (Payable on Death or Transfer on Death). The maximum amount that can be held in the account is $2,500. This is in addition to the $2,000 asset limitation for Medicaid applicants.