In accordance with the Veterans Burial Regulations, for eligibility to be considered on the basis of insufficient funds, an assessment of financial resources at the time of the Veteran's death must be undertaken. The scope of the assessment will vary depending on whether the Veteran is single at death or is survived by a spouse and/or dependent children.
If the Veteran dies single the Veteran's estate as a whole is taken into consideration with no exemptions.
If the Veteran is survived by a spouse and/or dependent children the Veteran's estate, the assets of the surviving spouse and Canada Pension Plan death benefits must be taken into consideration. However, in calculating the value of the Veteran's available estate and the assets of the surviving spouse the following assets are excluded:
The family's principal residence and car.
An amount equal to the Veteran's monthly income that was received in the month of death.
The maximum asset an eligible Veteran may have has is $12,015.00. The exemption for each dependent child 18 and under is $700.00. The cost of the funeral, burial and grave marker is added to the basic estate exception of $12,015.00
Note if, after the funeral and burial services have been paid for through the LPF, it is found the value of the available Veteran's estate and/or assets of the surviving spouse exceeded the financial eligibility criteria, the LPF will seek to be reimbursed in whole or in part.