What to do when a Levo Credit Union account holder dies
Report the death to Levo Credit Union at 1-800-568-5711
Levo Credit Union coordinates account transitions after a member's death. How each account is handled depends on its setup: POD and trust accounts transfer automatically, while solely-owned accounts typically require court authorization through Letters Testamentary or Letters of Administration.
Begin by calling Levo Credit Union. You will need the deceased's full name, account numbers, and the death certificate to get the process started.
Death claim process
The death claim process at Levo Credit Union works as follows:
Filing a claim
What happens to each kind of account5
- Account in one name
An individual account passes, subject to applicable law, to the owner's estate or to the POD beneficiary/payee or trust beneficiary.1
- Joint account with survivorship
A joint account carries rights of survivorship unless otherwise stated, and passes to the surviving owner or owners.1
- Joint account without survivorship
On a joint account without rights of survivorship, the deceased owner's interest passes to the estate.1
- Payable-on-death account
A POD account is payable to all surviving POD beneficiaries/payees after the last owner dies.1
- Loan
Levo offers Debt Protection, a voluntary loan-payment protection product. If a protected event such as loss of life occurs to a protected borrower or co-borrower, it cancels or waives loan payments up to the contract maximums.2
What Levo Credit Union's agreement and guidance say3
- Payments after the death
Levo may honor transactions until it knows of the member's death. It may continue paying checks or drafts the member authorized for ten days after the death unless a person claiming an interest in the account instructs it to stop payment.1
- Debts owed to the institution
A surviving joint owner's interest is subject to Levo's statutory lien for the deceased owner's obligations and to any security interest or pledge the deceased owner granted.1
- Indemnity a claimant may have to give
Levo may require anyone claiming a deceased owner's account funds to indemnify it for losses from honoring the claim.1
Not in Levo Credit Union's published guidance3
- A procedure for reporting a death
- A list of required documents
- A department for deceased-customer accounts
Sources2
Sources
(2)·
Data sourced from Levo Credit Union primary sources (19 pages reviewed). How we research.
Levo Credit Union death claims support
Service Center
Phone
Toll-free
Hours
Mailing address
Website
Death notifications go through general customer service.
Estate planning articles
Learn how to protect your Levo Credit Union accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Is this your situation?
Get a complete guide for your specific circumstances.
Forms for Settling an Estate
Free forms for settling an estate: probate petition, small estate affidavit, creditor notice and closing forms. Prepare each form for your state.
Affidavit of Death
Put a joint owner's or a transfer on death deed owner's death on the land records with the affidavit your state's statute names, laid out for recording.
IRS Form 56
Notify the IRS that you are the fiduciary of an estate, a trust or a person, or end a notice filed before, on the official form.
Digital Assets Recovery Letter
Prepare a letter requesting a deceased person's online accounts, points, and balances from the program that holds them.
Petition for Probate and Letters
Open probate and ask the court to appoint you and issue Letters Testamentary or Letters of Administration.
Notice to Creditors
Notify estate creditors and start the claim period — the published notice plus mailed copies for known creditors.
Renunciation of Executor
Decline an appointment as executor named in a will — the writing filed with the court before anyone is appointed.
Tools for Settling an Estate
Free tools for settling an estate: whether probate is needed, executor and trustee pay, creditor deadlines and taxes. Run each tool for your state.
How Many Death Certificates Do I Need?
Calculate how many certified death certificates you need and see ordering info for your state.
Do I Need Probate?
Find out if an estate needs probate or qualifies for simplified procedures.
What Happens to Jointly Owned Property When an Owner Dies?
See what your state records when a joint tenant with right of survivorship dies: an affidavit, the death certificate or a new deed.
Do I Have to File Tax Returns for Someone Who Died?
Find out which tax returns need to be filed after someone dies and whether tax clearance is required.
How Do I Settle an Estate?
Personalized plan for settling an estate after someone passes away.
What Do I Do When Someone Dies?
A step-by-step checklist for the days, weeks, and months after a death, with state rules noted where they apply.
