Emily's Asset Total
Emily’s asset total for last month is $1,796.40 based on verification received for the first day of last month. Emily’s savings and checking account balances and the cash advance items in her irrevocable burial agreement are counted.
Emily’s house is excluded for the first six months of her residence in the LTCF. It will then be excluded due to her daughter’s residence in the home and her verified care for her mother for the two years prior to placement. Emily’s pension fund is also excluded because it is a defined benefit pension plan that has no cash-out option or lump sum available.
Note: Emily may choose to amend her irrevocable burial agreement (IBA) to remove the cash advance items from the agreement, thereby reducing the amount of her counted assets.
Asset |
Counted |
Excluded |
Savings Account |
$650.00 |
|
Checking Account |
$516.40 |
|
Fort Snelling Burial Space, Opening/Closing of Grave, Perpetual Care and Marker |
|
No value provided because Emily did not purchase these burial space items. They are excluded assets. |
Term Life Insurance |
|
$ 10,000.00 |
Non-Term Life insurance |
|
$ 1,000.00 FV to BFE |
Fidelity Pension Fund |
|
$175,950.00 |
IBA – Casket and Vault (Burial Space Items) |
|
$ 2,800.00 |
IBA – Obituary and Flowers (Cash Advance Items) |
$ 630.00 unavailable |
|
BA - Services |
|
$ 500.00 to BFE |
Home |
|
$219,500.00 |
Total |
$1,166.40 |
|