The startup offers a financial software tool that automates asset discovery for families managing estate settlements, enabling the identification and consolidation of various financial assets such as bank accounts, stocks, and real estate into a single account. This solution simplifies the complex process of closing accounts and transferring funds after a death, providing families with a clear overview of their financial situation during a challenging time.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Settling an estate often involves a time-consuming and complex process of identifying and consolidating the deceased's financial assets, which can be overwhelming for grieving families. Locating all assets, including bank accounts, life insurance policies, retirement funds, and property, requires extensive effort and coordination with various financial institutions. This process can be further complicated by a lack of clear information or organization, leading to delays and potential oversights.
Solution
Sunset provides a financial software tool designed to automate asset discovery and streamline estate settlement. The platform identifies a wide range of financial assets, such as bank accounts, retirement accounts, life insurance policies, credit cards, investment accounts, property, vehicles, business ownership, and even unclaimed property. Sunset works with financial institutions to consolidate discovered accounts into a single estate account, managed by Sunset Advisory, LLC, a registered investment advisor. Families maintain control over which accounts are closed and when, while Sunset ensures compliance with security and privacy laws, storing all personal data in a SOC 2 certified database.
Target Audience
Sunset primarily serves families, executors, and administrators responsible for settling estates, providing them with a comprehensive solution to manage the complexities of asset discovery and consolidation.
Features
- Automated discovery of a wide range of asset types, including bank accounts, life insurance, retirement funds, investment accounts, property, vehicles, credit cards, business ownership, and unclaimed property
- Integration with major banks, credit bureaus, investment platforms, retirement account managers, and insurance companies
- Secure consolidation of assets into a Sunset estate account
- Assistance with claiming life insurance benefits
- Identification of outstanding debts and liabilities
- Tools to help sell assets like property and vehicles and move the proceeds of the sale into a Sunset estate account
- Customer support available via messaging, phone, or email
- SOC 2 certified database for secure data storage
- Financial account connections compliant with ISO 27001, ISO 27701, and SSAE18 SOC 2