Assets retained to pay expenses of funeral and disposal of remains of ward: Amount exempt from all claims; placement in account or trust; reversion of excess to estate of ward.
1. The guardian may retain assets for the anticipated expense of the ward’s funeral and the disposal of his remains. Of the amount so retained, $1,500 is exempt from all claims, including those of this state.
2. The guardian may place assets so retained in a pooled account or trust. If the assets are invested in a savings account or other financial account, they are not subject to disposition as unclaimed property during the lifetime of the ward.
3. Assets so retained may be disbursed for the ward’s funeral or the disposal of his remains without prior authorization of the court. An amount not so disbursed becomes part of the ward’s estate.
Last modified: February 25, 2006