Life Enrichment Trust does offer Burial Accounts (a.k.a. Irrevocable Burial Accounts) to individuals with disabilities. These accounts are set up for the sole purpose of providing funds for an individual’s funeral and burial expenses. Burial accounts have some limitations since they can only be used for the one purpose: total deposits are typically limited to somewhere between $7,500.00 and $10,000.00, and they are irrevocable.
Life Enrichment Trust’s investment policy on burial account funds differs from other trust options as well. Specifically, the investment policy is intended to maintain principal through an extremely conservative investment approach rather than generate interest income to the beneficiary. Even though LET Burial Accounts have inherent limitations they are indeed an important and valuable option to individuals, families and provider organization representatives.