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Significant Accounting Policies (Tables) - Life Partners IRA Holder Partnership, Llc
3 Months Ended
Mar. 31, 2020
Entity Information [Line Items]  
Balance sheet data
The following table presents summary financial information for the Trust:
Balance Sheet Data
March 31,
2020
December 31,
2019
(Unaudited)(Audited)
Investment in life insurance policies$178,822,344  $172,242,734  
All other assets111,203,883  110,546,743  
Total assets$290,026,227  $282,789,477  
Total liabilities$67,289,911  $70,054,723  
Net assets$222,736,316  $212,734,754  
Income statement data
Income Statement Data
Three Months Ended
March 31, 2020
Three Months Ended
March 31, 2019
(Unaudited)(Unaudited)
Change in fair value of life insurance policies$12,626,320  $15,761,303  
Other income$259,123  $196,835  
Total income (loss)$12,885,443  $15,958,138  
Total expenses$2,883,881  $3,217,334  
Net increase in net assets resulting from operations$10,001,562  $12,740,804