Guidance When You Need It Most

Losing a loved one is never easy. Managing their financial affairs can feel overwhelming, but you don’t have to do it alone. We’re here to help with every step—verifying documents, closing accounts, and handling beneficiary claims.

Download our Estate Settlement Guide for a step-by-step breakdown of the process.
 

What to Expect When Settling Accounts

Handling Accounts and Funds

• How long will accounts stay open? Until closed or retitled. Acting quickly helps avoid complications.
• What happens to direct deposits? Federal payments like Social Security and VA benefits must be returned after the date of death.
• How do I access funds? If there is a joint owner or beneficiary, funds transfer automatically. Otherwise, legal documents may be required.

Managing Loans and Credit Cards

• What happens to a credit card if the deceased was the sole borrower? The account is closed, and the estate may be responsible for outstanding balances.
• Can a joint cardholder continue using the card? Yes, the account will be retitled in the surviving borrower’s name.
• What about mortgages and home equity lines? If the deceased was the only borrower, Frontwave will work with heirs to discuss options.

Estate Settlement Checklist

A step-by-step guide to settling financial matters.

1. Get Professional Help

• Consult an estate attorney to meet legal requirements
• Work with a financial advisor to manage assets and taxes

2. Take Immediate Action

• Obtain certified copies of the death certificate
• Notify Social Security, the VA, and financial institutions

3. Manage Legal and Financial Matters

• Determine if probate is necessary
• Secure legal authority, such as Letters Testamentary
• Inventory assets, debts, and accounts

4. Handle Debts and Taxes

• Use estate funds to pay valid debts
• File the final income tax return for the deceased and the estate

5. Distribute Assets

• Follow the will or state law if no will exists
• Ensure proper documentation for beneficiary claims

 

Managing Federal Benefits

• Social Security – Report the death at 800.772.1213
• VA Benefits – Call 800.827.1000 to stop payments and apply for survivor benefits
• Military Retiree Benefits (DFAS) – Notify DFAS at 800.321.1080

 

Have questions?

We’re here to help. We’re ready to assist whenever you need us.

• Phone: 800.736.4500
• Fax: 877.789.7628
• Mail: Frontwave Credit Union, 1278 Rocky Point Drive, Oceanside, CA 92056
• In Person: Stop by any branch location

HERE TO HELP

Get the support you need every step of the way.

Dowload Our Guide