“(E) FUNERAL EXPENSES.—

“(i) IN GENERAL.—For purposes of this paragraph, the term ‘funeral expenses’ means the amounts paid incident to the care and disposition of the remains of an account beneficiary following the death of such beneficiary, including the amounts paid for burial, cremation, embalming, interment, or inurnment of the remains, preparation of the remains for such burial, cremation, embalming, interment, or inurnment, furnishing of clothing for the remains, furnishing of a casket or urn, a hearse service, a funeral director’s services, a funeral venue fee, transportation of the remains to the place designated for the disposition of the remains, grave digging, furnishing of a grave liner, and furnishing of a grave plot.

“(ii) LIMITATION.—The aggregate amount treated as funeral expenses under this section with respect to any account beneficiary shall not exceed $5,000.”.

“(III) PERIOD FOR TREATMENT OF FUNERAL EXPENSES AS INCURRED BEFORE DEATH.—For the 90-day period beginning on the date of the death of an account beneficiary, the funeral expenses (as that term is defined in subsection (d)(2)(E)) of such beneficiary shall be treated as if incurred immediately before the death of such beneficiary.”.

“(E) FUNERAL EXPENSES.—

“(i) IN GENERAL.—For purposes of this paragraph, the term ‘funeral expenses’ means the amounts paid incident to the care and disposition of the remains of an account beneficiary following the death of such beneficiary, including the amounts paid for burial, cremation, embalming, interment, or inurnment of the remains, preparation of the remains for such burial, cremation, embalming, interment, or inurnment, furnishing of clothing for the remains, furnishing of a casket or urn, a hearse service, a funeral director’s services, a funeral venue fee, transportation of the remains to the place designated for the disposition of the remains, grave digging, furnishing of a grave liner, and furnishing of a grave plot.

“(ii) LIMITATION.—The aggregate amount treated as funeral expenses under this section with respect to any account beneficiary shall not exceed $5,000.”.

“(III) PERIOD FOR TREATMENT OF FUNERAL EXPENSES AS INCURRED BEFORE DEATH.—For the 90-day period beginning on the date of the death of an account beneficiary, the funeral expenses (as that term is defined in subsection (d)(2)(E)) of such beneficiary shall be treated as if incurred immediately before the death of such beneficiary.”.