A claimant applies for SSI in July 2013 and alleges the following resources:
$200 Savings account designated for burial
$400 Non-home real property
$50 Checking account
$100 Certificate of Deposit
$300 CSV of countable life insurance
$1050 Total
$350 Liquid resources
Excludable burial funds plus countable liquid resources does not exceed $400 (treat
the $300 life insurance CSV, as well as the $400 in non-home real property, as a non-liquid
resource). Total countable resources do not exceed $2,000 before exclusion of the
burial funds. The burial funds are in a designated bank account. The liquid resource
development tolerance applies because the total amount of liquid resources (including
the burial account) is below $400.00. There is no need to verify the value of liquid
resources.