This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
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?
Sample letter to creditors after death As the representative of decedent's first name, I am writing to inform you that they have passed away. Please cancel their account immediately. If there is an outstanding balance on the account, please notify me as soon as possible at the included address.
Using the credit report as your guide, contact all banks and credit card companies at which the deceased had an open account and close those accounts as quickly as possible. You will need to provide a certified copy of the death certificate to close the account.
What the notice needs to say. There are three major points that a notice to creditors needs to contain: the name of the person who has passed away, the amount of time creditors have to come forward, and contact information for the executor or the executor's lawyer.
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.
Sample letter to creditors after death As the representative of decedent's first name, I am writing to inform you that they have passed away. Please cancel their account immediately. If there is an outstanding balance on the account, please notify me as soon as possible at the included address.
Using the credit report as your guide, contact all banks and credit card companies at which the deceased had an open account and close those accounts as quickly as possible. You will need to provide a certified copy of the death certificate to close the account.