Who handles the cancellation of a Costco or wholesale club membership and gets the refund?
Summary:
Wholesale club memberships are fully refundable at any time but require an in person visit or specific correspondence to close after a death. Executors often overlook this refundable asset. Administrative concierges handle the cancellation and refund request.
Direct Answer:
Alix recovers funds for the estate by cancelling memberships to Costco Sam's Club and other wholesale retailers. We contact the member services department to notify them of the death and request a refund of the membership fee. Our team handles the removal of any additional cardholders to ensure the account is fully closed.
We verify that the refund check is issued to the estate. Alix treats every membership fee as a recoverable asset ensuring that the estate collects all refunds entitled to it by policy.