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Can a person have a burial fund if they have irrevocably assigned an insurance policy to a funeral provider?

April 26, 2017burial fund funeral insurance policy irrevocably person Provider

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Can a person have a burial fund if they have irrevocably assigned an insurance policy to a funeral provider?

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The cash value of irrevocably assigned funds or policies counts against the $1,500 burial fund exclusion, since the insurance will pay for the funeral.