Estate Planning & Account Settlement
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.
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.
Successors in Interest
Our Real Estate Lending Support team can help with your mortgage options during ownership transfers. Review our list of common documents needed to start the process.
- Loss of a loved one (View our Survivor’s Guide to Account Settlement)
- Certified copy of death certificate
- Recorded deed or other homeownership document
- Divorce or legal separation
- Recently recorded deed to your property
- Certified copy of your divorce decree or judgment
- Transferring ownership to a spouse or child
- Most recent recorded deed
- Marriage certificate
- Birth certificate
- Transferring property interest into a trust
- Copy of trust document
Contact us at 1-800-243-9334 and choose option 2 for help with this process.
You may also fax documents to 1-855-579-3656. Please include a cover sheet with your name and contact number so our support team can contact you to assist with your unique scenario.
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.
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.Learn more about Trust Services