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Navy Federal Credit Union

Estate Planning & Account Settlement

Estate Planning
Providing Peace of Mind for You
and Yours
Taking care of your family when you're no longer able
to do so yourself.

Don't put off thinking about your legacy or shaping your estate plan. Effective estate planning allows you to preserve your assets while you're alive and manage their distribution after your death.

Planning Your Estate

Planning ahead also gives you and your survivors peace of mind that they will be taken care of and ensures any property will be handled according to your wishes.

A basic estate plan includes the following:


Specifies the method for management and distribution of your assets after your death.

Power of Attorney

Authorizes another person to act in legal or financial matters on your behalf.


Defines how money and property will be handled for beneficiaries and is managed by a trustee.

Living Will

Details wishes regarding medical treatment when you're unable to express your desires.

The specifics of an estate plan vary depending on your age, health, wealth, lifestyle, life stage, goals and many other factors. A good plan can help avoid legal hang-ups, minimize estate taxes and ease family tensions. Work with a trust officer to determine your particular estate planning needs.

Settling a Navy Federal Account

After a loved on passes on, settling their accounts can be a difficult responsibility. Working with a case specialist can make the process much less daunting. A specialist will help analyze the deceased member's Navy Federal accounts and:

  • determine necessary account adjustments, including closing accounts
  • determine entitlement to account funds
  • inform about required legal documents
  • provide a summary of all actions taken when settlement is complete

Case specialists can also help to set up an Estate Account for managing estate assets. This account consists of a checking account and a companion savings account to hold the deceased's assets separate from the personal accounts of the personal representative. An Estate Account allows for easy payment of taxes, debts and other obligations during settlement of the deceased's estate.

If you have any questions about a deceased member's Navy Federal mortgage or equity loan, please call 1-800-243-9334 (option 2).

Information on this web page is not legal advice and should not be construed as such. We recommend you consult with an independent legal advisor or, where appropriate, contact your local probate court where the property is located for information on the probate process.

Trust Services

Offering experience, advice and personal attention, Navy Federal's Trust Services offers estate and financial planning to help protect your legacy and your family's financial future.

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