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Understanding What Sunset Actually Does

K
Written by Kaela Worthen
Updated over a month ago

Overview

Sunset helps families locate and manage financial assets after a loved one passes away. We handle the complex, time-consuming process of finding accounts, filing necessary legal documents, and transferring funds - all at no cost to families. Our comprehensive service combines account discovery, legal document preparation, and direct coordination with financial institutions to make estate settlement simpler and more complete.

For more detailed information about our services, visit our website at hellosunset.com.

What Sunset Does: The Complete Picture

Account Discovery and Search

The core of what we do is finding financial accounts and assets that belonged to the deceased. This includes:

Bank accounts:

  • Checking accounts

  • Savings accounts

  • Money market accounts

  • Certificates of deposit (CDs)

  • Accounts at major banks (Chase, Bank of America, Wells Fargo, etc.)

  • Regional banks and credit unions

  • Online banks (Ally, Marcus, Discover, etc.)

Investment and retirement accounts:

  • 401(k) plans

  • Traditional and Roth IRAs

  • Pension plans

  • Brokerage accounts

  • Mutual funds

  • Stocks and bonds

  • Annuities

Insurance policies:

  • Life insurance policies (term and whole life)

  • Accidental death policies

  • Employer-provided life insurance

  • Final expense insurance

  • Long-forgotten policies from decades ago

Credit cards and debts:

  • Active credit card accounts

  • Outstanding balances

  • Store credit cards

  • Lines of credit

  • Personal loans

Property and other assets:

  • Unclaimed property held by state governments

  • Forgotten utility deposits

  • Outstanding refunds or rebates

  • Safe deposit boxes

  • Other financial holdings

How we find these accounts:

  • Search across thousands of financial institutions

  • Query national databases and registries

  • Check state unclaimed property databases

  • Contact institutions directly when potential accounts are identified

  • Follow leads from credit reports and financial records

  • Monitor for accounts that may surface later

Example: Sarah's father passed away, and she knew about his checking account at Chase and a 401(k) from his employer. Sunset's search discovered an additional savings account at a credit union he'd joined 30 years ago, a small life insurance policy through a former employer, and $1,200 in unclaimed property from an old utility deposit. Without Sunset, these accounts would likely have remained undiscovered.

Probate Document Generation and Filing

Many estates require probate - the legal process of administering a deceased person's estate. Sunset helps with the paperwork:

What we help with:

  • Determine if probate is necessary for your situation

  • Generate the correct probate forms for your state and county

  • Ensure forms are properly completed with accurate information

  • Provide guidance on filing procedures

  • Help with court-specific requirements (different counties have different rules)

Types of probate documents we can help prepare:

  • Petition for probate

  • Letters testamentary or letters of administration

  • Inventory and appraisal forms

  • Notice to creditors

  • Spousal property petitions

  • Small estate affidavits

  • Final distribution documents

This service is especially valuable because:

  • Probate forms vary significantly by state and county

  • Requirements are complex and technical

  • Errors can cause delays or rejections

  • Most people have never dealt with probate before

  • Attorney fees for probate document preparation can be expensive

Example: Michael needed to open probate for his mother's estate in Los Angeles County. Sunset generated all the necessary California probate forms with his mother's information pre-filled, identified the exact court location and filing fees, and provided step-by-step instructions for filing. This saved him thousands in attorney fees for basic document preparation.

Account Closure and Fund Transfer

Once accounts are discovered and you have legal authority, we help close accounts and transfer funds:

What we do:

  • Submit closure requests to financial institutions on your behalf

  • Provide institutions with required documentation (death certificate, letters testamentary, etc.)

  • Follow up on pending requests

  • Track the status of each account closure

  • Facilitate the transfer of funds to a centralized location

This includes complex account types:

  • Retirement accounts (401(k), IRA) with specific beneficiary and tax rules

  • Life insurance policies requiring claim forms and documentation

  • Investment accounts that need to be liquidated

  • Bank accounts that may be frozen pending documentation

Why this matters:

  • Each institution has different requirements and processes

  • Dealing with multiple institutions individually is extremely time-consuming

  • Phone trees, hold times, and institutional bureaucracy can be overwhelming

  • Institutions often lose paperwork and require multiple follow-ups

  • Having someone manage this process saves dozens of hours

Example: Jennifer discovered her husband had accounts at seven different institutions. Rather than calling each bank, waiting on hold, learning their specific requirements, mailing documents, and following up repeatedly, Sunset handled all coordination. She received updates as each account progressed through the closure process.

Estate Bank Account

A critical part of Sunset's service is providing a centralized place to consolidate estate funds:

What it is:

  • A trust bank account or estate bank account opened specifically for managing estate funds

  • Provided through our banking partner at no cost to you

  • Functions like a normal bank account

  • In the name of the estate or trust

How it works:

  1. We help you open the estate account

  2. Funds from closed accounts transfer to this central account

  3. You can use the account to:

    • Consolidate funds from multiple sources

    • Pay outstanding bills and debts of the deceased

    • Pay estate expenses (funeral costs, probate fees, etc.)

    • Hold funds while estate is being settled

    • Ultimately distribute to heirs and beneficiaries

Why this is valuable:

  • Simplifies managing money from multiple sources

  • Provides clear accounting for estate finances

  • Makes it easy to pay estate obligations

  • Facilitates distribution to multiple beneficiaries

  • Keeps estate funds separate from personal funds

Example: Robert's father had accounts at five different banks. Instead of managing five separate accounts or trying to transfer everything to his personal account (which creates tax and accounting issues), Sunset opened an estate account. All funds transferred there, he paid his father's final medical bills and funeral expenses from that account, and then easily distributed the remaining funds to himself and his two siblings.

How Sunset Makes Money (And Why It's Free for You)

This is important to understand: Sunset is completely free for families to use.

Our revenue model:

  • We partner with a bank that provides the estate accounts

  • The bank pays Sunset a fee for each estate account opened

  • This fee comes from the bank, not from you or the estate funds

  • The bank earns money from interest on deposited funds (similar to how all banks operate)

What this means for you:

  • No upfront fees to start using Sunset

  • No percentage taken from discovered accounts

  • No charges for document preparation

  • No fees for account closure assistance

  • No cost for the estate bank account

  • 100% of the funds from discovered accounts go to the estate

This is fundamentally different from many estate services that charge:

  • Hourly attorney fees

  • Percentage-based fees (like 10% of found assets)

  • Flat fees for document preparation

  • Per-account search fees

Example: Maria discovered $75,000 across multiple accounts using Sunset. If she had used a service charging 10%, that would have cost $7,500. With Sunset, the entire $75,000 went to her father's estate, and she paid nothing for the discovery, document preparation, or account closure assistance.

The Complete Sunset Process: Start to Finish

Here's how the entire journey works:

Step 1: Sign Up and Provide Information (15-30 minutes)

  • Create your account at hellosunset.com

  • Enter information about the deceased (name, date of birth, date of death, last address, SSN)

  • Upload certified death certificate

  • Confirm your relationship and authority

Step 2: Verification (1-3 business days)

  • We verify your identity and the deceased's information

  • Ensures we have legal authorization to search for accounts

  • You receive email confirmation when verification is complete

Step 3: Account Search Begins (1-6 weeks)

  • We search thousands of financial institutions and databases

  • Query credit bureaus, unclaimed property databases, and other sources

  • Contact institutions directly when potential accounts are identified

  • You receive periodic email updates on search progress

Step 4: Results and Account Discovery (ongoing)

  • As accounts are found, they appear in your Sunset account

  • You can click each institution to see details

  • We provide guidance on what documentation each institution needs

  • You receive notifications as new accounts are discovered

Step 5: Probate Assistance (if needed)

  • We help determine if probate is required for your situation

  • If yes, we generate the necessary probate documents for your jurisdiction

  • Provide filing instructions and guidance

  • You file the documents with the court (or work with an attorney to do so)

Step 6: Estate Bank Account Setup

  • We help you open an estate account with our banking partner

  • Account is set up in the name of the estate

  • You receive account details and can begin using it immediately

Step 7: Account Closure and Fund Transfer (2-8 weeks per account)

  • You request closure for each discovered account through Sunset

  • We submit closure requests and required documentation to institutions

  • Track progress and follow up as needed

  • Funds transfer to your estate bank account as accounts close

  • You receive status updates throughout

Step 8: Estate Management and Distribution

  • Use estate account to pay bills, debts, and expenses

  • Manage consolidated funds in one place

  • When ready, distribute funds to heirs and beneficiaries

  • Close estate account once distribution is complete

Real-World Examples of How Sunset Helps

Example 1: The Overwhelmed Daughter

Lisa's mother passed away unexpectedly. Lisa knew about a checking account and a small savings account, but her mother had been a teacher for 40 years and Lisa suspected there might be more.

What Sunset found:

  • The two known accounts ($12,000 total)

  • A pension account from teaching ($45,000)

  • An old 403(b) retirement account ($28,000)

  • Life insurance through the teachers union ($25,000)

  • Unclaimed property from a previous address ($800)

  • Total discovered: $110,800 (Lisa only knew about $12,000)

How Sunset helped:

  • Generated California probate documents

  • Opened estate account to consolidate funds

  • Coordinated closure of all seven accounts

  • Saved Lisa countless hours of phone calls and paperwork

  • Cost to Lisa: $0

Example 2: The Blended Family

Marcus was managing his stepfather's estate. His stepfather had been married twice and had children from both marriages, making the estate more complex.

What Sunset found:

  • Three bank accounts at different institutions

  • Two old 401(k) accounts from previous employers

  • A whole life insurance policy with cash value

  • Credit card accounts with small balances

  • Total assets: $185,000

How Sunset helped:

  • All funds transferred to estate account

  • Paid off credit card balances from estate account

  • Clear accounting of all funds for transparency with all family members

  • Easy distribution to multiple beneficiaries

  • Avoided family conflict through clear, documented process

  • Cost to Marcus: $0

Example 3: The Long-Distance Son

Kevin lived in Seattle but his father passed away in Florida. Kevin couldn't easily travel back and forth for estate matters.

What Sunset found:

  • Five bank accounts across three states (father had moved several times)

  • Railroad retirement pension

  • Veterans benefits account

  • Life insurance policy

  • Total: $67,000

How Sunset helped:

  • Kevin managed everything remotely from Seattle

  • Didn't need to visit multiple bank branches in Florida

  • All coordination handled by Sunset

  • Funds consolidated in estate account he could access online

  • Saved multiple expensive trips to Florida

  • Cost to Kevin: $0

What Sunset Doesn't Do

To set clear expectations, here's what is outside of Sunset's scope:

We don't provide legal advice:

  • We can help with probate documents but aren't attorneys

  • We can't advise on complex legal disputes or will contests

  • For legal questions, consult an estate attorney

We don't provide tax advice:

  • We can't advise on tax implications of distributions

  • We don't prepare tax returns for the estate

  • For tax questions, consult a CPA or tax professional

We don't handle real estate sales:

  • We can identify real property but don't manage sales

  • You'll need a real estate agent for selling property

  • We focus on financial accounts and liquid assets

We don't resolve family disputes:

  • We can't mediate between family members

  • We can't determine who should receive what assets (that's governed by will or law)

  • We provide tools and information; family decisions remain with the family

We don't guarantee finding every account:

  • Our search is comprehensive but not infallible

  • Some accounts may not appear in searchable databases

  • Very old accounts or unusual holdings may require additional research

Common Questions About What Sunset Does

"Can Sunset help if my loved one had no will?"

Yes, absolutely. Sunset's services work whether there's a will or not. We can help with:

  • Intestate estates (no will)

  • Estates with wills

  • Trust administration

  • Small estates that may avoid formal probate

The account discovery process is the same regardless. The probate documents we help prepare may differ depending on whether there's a will.

"What if I already know about all the accounts?"

Even if you think you know about all accounts, Sunset can still help with:

  • Verification that nothing was missed (we often find forgotten accounts)

  • Probate document preparation

  • Coordinating account closures across multiple institutions

  • Providing the estate bank account for consolidation

  • Managing the closure and transfer process

Many families are surprised to discover additional accounts even when they thought they knew everything.

"Does Sunset work in my state?"

Yes, Sunset works in all 50 states. Our account search is national, and we can help with probate documents for any state and county.

"How is this free?"

We're paid by our banking partner (the institution that provides the estate bank accounts). They pay Sunset a fee for each estate account opened. This fee comes from the bank, not from you or the estate. It's similar to how many financial services are free to consumers because the company makes money from a business partner.

"What's the catch?"

There isn't one. The only requirement to use Sunset's account search is that you open an estate account with our banking partner if you want to use our closure and transfer services. Even that is optional - you can use our search results and handle closures yourself if you prefer. But most families find the estate account invaluable for managing the process.

"Can I use Sunset if I'm not the executor?"

You generally need to have some legal authority to access account information - typically as executor, administrator, or authorized family member. During the verification process, we confirm your relationship and authority. If you don't have authority yet, we can still help with parts of the process, like generating probate documents to establish your authority.

"What if the estate is small?"

Sunset works for estates of any size. Whether there's $5,000 or $500,000, the service is the same and remains free. Small estates often benefit most because paying attorney fees or percentage-based services would take a significant portion of the assets.

"How long does the whole process take?"

Timeline varies significantly based on:

  • How many accounts exist

  • How responsive financial institutions are

  • Whether probate is required (and how long your county's court takes)

  • Complexity of the estate

Typical timeline:

  • Account search: 1-6 weeks

  • Probate (if needed): 4-12 months (varies greatly by state)

  • Account closures: 2-8 weeks per account once authority is established

  • Overall process: 2-6 months for straightforward estates, longer if probate is complex

Getting Started

If you'd like to use Sunset's services:

  1. Visit hellosunset.com to learn more and sign up

  2. Complete the onboarding process (15-30 minutes)

  3. Upload certified death certificate

  4. We'll handle the rest and keep you updated throughout

Scope Questions and Clarifications

If you're wondering whether Sunset can help with a specific situation or account type:

Email [email protected] with your question:

  • "Does Sunset search for [specific type of account]?"

  • "Can Sunset help with [specific situation]?"

  • "I have a question about whether this applies to my case..."

We'll confirm whether your situation falls within our services and provide guidance on next steps.

Understanding Your Results

Once the search is complete, you'll receive results in your Sunset account:

What you'll see:

  • List of discovered accounts organized by institution

  • Account types (checking, savings, retirement, insurance, etc.)

  • Approximate values when available

  • Status of each account (newly discovered, closure in progress, funds transferred, etc.)

  • Required next steps for each account

You can click on each institution to see:

  • Detailed information about what was found

  • What documentation they require

  • Status of closure process

  • Contact information if you need to follow up directly

If next steps are unclear:

  • Each account page includes guidance

  • Email [email protected]: "I received results showing [institution name] account, but I'm not sure what to do next"

  • We'll walk you through the specific steps for that situation

Timing of Results

Account discovery happens in stages:

Initial results (1-2 weeks after verification):

  • Accounts that appear in immediate database queries

  • Major bank accounts

  • Accounts with recent activity

Additional results (2-6 weeks after verification):

  • Accounts requiring institution follow-up

  • Life insurance policies (these often take longer)

  • Unclaimed property

  • Accounts at smaller institutions

Late-surfacing accounts (months later):

  • Some insurance policies have delayed claim filings

  • Accounts that weren't initially flagged but surface later

  • We continue monitoring and will notify you if additional accounts appear

You'll receive email notifications as new accounts are discovered, so you don't need to constantly check your dashboard.

Need More Information?

For comprehensive information about Sunset's services, pricing (it's free!), how we work, and more:

Visit: hellosunset.com

For specific questions about your situation or how Sunset can help:

We're here to help you understand exactly what Sunset does and whether our services are right for your situation.

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