This form is a sample letter in Word format covering the subject matter of the title of the form.
Date Of Death Balance Letter With Credit Card In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-0034LTR
Format:
Word;
Rich Text
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FAQ
You should notify the credit card companies ASAP to stop interest from accruing and any other fees. This should be done for both primary and joint credit cards. Make sure to also look at card statements to see if there are any recurring charges — you'll want to transfer these to a different card or bank account.
Send letters to each of the major credit bureaus — Experian,1 Equifax,2 and TransUnion3— and include the deceased's legal name, Social Security number, date of birth, date of death, and your full name and mailing address.
Credit card debt doesn't go away when the cardholder passes away. It must be repaid from your estate, which means your loved ones may receive a reduced inheritance — or no inheritance at all. Related: What happens to a bank account when somebody dies?
Credit cards are no longer valid when the sole primary cardmember has passed away. No one should use the card, even the executor of the estate, even if it's for what seems like a legitimate purpose (like paying for funeral costs). If you're an authorized user on the account, your credit cards are no longer active.
It's helpful to keep certain types of records long term in case any tax audits or legal disputes arise. Here are some records you should consider keeping for up to seven years: Tax returns. Bank and credit card statements.
If your loved one had credit cards, those credit cards will need to be canceled once they pass away. This is not typically something that automatically happens once someone dies, so it's an important task to complete. Try to get organized beforehand with the names of accounts and passwords.
More info
If you know the debts of the Decedent (such as medical bills, credit card bills, etc.) you should make a list of them. Call the bank, tell them what happened, and ask where to send the copy of the death certificate.Notify Bank of America. We'll ask you for the deceased customer's full legal name and Social Security number to identify their accounts. Credit Card debts are the last debts of the estate that should be paid. Banking Reimagined® at Capital One.