# Ind. Code § 12-14-19-1: Exclusions for irrevocable trusts, prepaid funeral agreements, and life insurance policies

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T12_A14_C19_S12-14-19-1

## Section

- **Citation:** Ind. Code § 12-14-19-1
- **Heading:** Exclusions for irrevocable trusts, prepaid funeral agreements, and life insurance policies
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 12 / Article 14 / Chapter 19 / Section 12-14-19-1

## Text

Sec. 1. If an applicant for or recipient of assistance under Title XVI of the federal Social Security Act (42 U.S.C. 1381 et seq.):

(1) establishes one (1) irrevocable trust that has a value not greater than one thousand dollars ($1,000) exclusive of interest and is established for the sole purpose of providing money for the burial of the applicant or recipient;

(2) enters into an irrevocable prepaid funeral agreement that has a value not greater than one thousand dollars ($1,000);

(3) owns a life insurance policy with a face value not greater than one thousand dollars ($1,000) and with respect to which provision is made to pay not more than one thousand dollars ($1,000) toward the applicant's or recipient's funeral expenses; or

(4) receives a Holocaust victim's settlement payment;

the value of the trust, prepaid funeral agreement, life insurance policy, or Holocaust victim's settlement payment may not be considered as a resource in determining the applicant's or recipient's eligibility for the assistance.

[Pre-1992 Revision Citation: 12-1-7.2-2(a).]

As added by P.L.2-1992, SEC.8. Amended by P.L.128-1999, SEC.18.

## Nearby sections

- [Ind. Code § 12-14-19-1 Exclusions for irrevocable trusts, prepaid funeral agreements, and life insurance policies](https://www.frixlaw.com/law-library/statutes/STATE_IN_T12_A14_C19_S12-14-19-1.md)
- [Ind. Code § 12-14-19-2 Resources used in determining eligibility for assistance](https://www.frixlaw.com/law-library/statutes/STATE_IN_T12_A14_C19_S12-14-19-2.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T12_A14_C19_S12-14-19-1. Check the current official text before relying on it. Not legal advice.