Estate & Executor Assistance FAQ

• Can I send a photocopy of the death certificate?

  Yes, you can send or bring in a photocopy of the death certificate as long as it is clear and legible. In some situations, Kitsap Credit Union may require a certified copy of the death certificate.

• Can estate funds be deposited into a new estate account?

  Yes. In some cases, estate funds may need to be deposited into an estate account established under the estate's legal name and EIN.

• Do I need probate to access estate funds?

  Not always. Probate requirements depend on account ownership, beneficiary designations, estate size, and state laws.

• What other documents might be required?

  Each situation and account may be slightly different, but in addition to a copy of the death certificate, you may be required to provide: a certified copy of the death certificate, Letters of Testamentary or Letters of Administration, or claiming affidavits. In some cases, other documents may be required, such as trust documents, an estate EIN, or proof of name change.

• How long will it take for funds to be released?

  Each situation and account may be different. In most cases, funds will be released as soon as KCU has received all required documents. However some claiming affidavits mandate waiting periods.

• Are there any other considerations I should be aware of?

  Yes. When managing a deceased member’s financial here are some documents you may need to address:

  • Outstanding balances for home loans
  • Outstanding balances for vehicle loans
  • Outstanding balances for credit cards
  • Safe deposit boxes or automatic payments to cancel (i.e. water, electricity, gas, garbage, etc.)
  • Notifying Social Security or other government agencies sending regular deposits.

• What are the duties of a personal representative? What is Probate?

  A personal representative (sometimes called executor) is responsible to report the death to all creditors of the estate and give them an opportunity to file a claim against the estate. The personal representative will also collect and provide information in order to consolidate assets and resolve the liabilities of the estate and disburse any remaining funds according to the decedent's wishes. 

  Probate is the legal court process used to administer and settle a deceased person’s estate. During probate, the court may formally appoint the personal representative and authorize estate administration activities.

• Who can access a deceased person's bank account?

  Access to a deceased member's bank account depends on account ownership, beneficiary designations, probate requirements, and applicable state laws.

• What is required to close a deceased member's account?

  Closing a deceased member's account typically requires a death certificate and supporting estate or beneficiary documentation.