Estate Account

An estate account may be established for a deceased Star One member by a court appointed representative, usually called either an Executor or Administrator. The assets in an estate account may be used to pay the remaining debts of the deceased member's estate and may be used to distribute the remaining funds to the person(s) entitled. Once the estate is settled, usually within a year or two, the estate account may be closed.

When establishing an estate account with the Credit Union, the following documents will be required:

1. Certified copy (not a photocopy) of the court issued Letters Testamentary or Administration,
2. Certified death certificate,
3. Copy of an SS4 form verifying the assigned tax identification number of the estate,
4. Membership Application and Account Card.