What to do when a Veridian account holder dies
Report the death to Veridian's Specialty Accounts video calls
The Specialty Accounts video calls at Veridian 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.
The claim process begins with a phone call to the institution. Have the account holder's full name, account numbers, and the death certificate available when making initial contact.
Death claim process
Follow these steps to file a death claim with Veridian:
Filing a claim
Required Documents
- Copy of the death certificateVeridian's CD page says a copy of the death certificate must be provided when a certificate owner dies.
What happens to each kind of account6
- Joint account with survivorship
All sums pass to the surviving owner or owners, subject to Veridian's statutory lien for the deceased owner's obligations and any security interest or pledge the deceased owner granted.1
- Joint account without survivorship
The deceased owner's interest passes to his or her estate.1
- Account in one name
Subject to applicable law, the interest passes to the owner's estate or to the POD beneficiary/payee or trust beneficiary.1
- Payable-on-death account
A POD or trust-designated account is payable to all surviving beneficiaries/payees in equal shares without rights of survivorship, unless state law provides otherwise or Veridian permits and documents a different arrangement. These designations do not apply to IRAs.1
- Certificate of deposit
Veridian's CD page says that on the death of the certificate owner funds are paid to the joint owner or beneficiary without penalty.2
Veridian's Truth-in-Savings Disclosure describes the death waiver of the early withdrawal penalty as at the credit union's option.3
- Fiduciary account
Estate accounts are opened as Estate Dividend Savings, Estate Non-Dividend Savings, Estate Dividend Checking or Estate Non-Dividend Checking. Estate accounts are not eligible for Courtesy Pay.4
What Veridian's agreement and guidance say2
- Payments after the death
Until Veridian knows of the death it may honor transactions on the account. Even after notice, it may keep paying checks or drafts drawn on the account for ten days after the death unless a person claiming an interest in the account instructs it to stop payment.1
- Indemnity a claimant may have to give
Veridian may require anyone claiming funds from a deceased owner's account to indemnify it for losses it sustains by honoring the claim.1
Sources
(4)·
Data sourced from Veridian primary sources (37 pages reviewed). How we research.
Veridian death claims support
Specialty Accounts video calls (deceased memberships and estate accounts)
Hours
Website
Estate planning articles
Learn how to protect your Veridian 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.
