Safe Deposit Box Realities No One Will Tell You

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Some people have safe deposit boxes, and they put important legal documents in their safe deposit boxes. If not handled correctly, this can cause later problems.

When someone dies owning a safe deposit box with no one else listed in the bank records as having access to the box, then a court order will be required, as part of the probate proceeding, to gain access to the box. And if keys to the box are not available, the box will have to be drilled.

Many of these problems can be avoided by arranging your safe deposit box so that others have access to it when you pass away, and you can also give your family more control over your estate by arranging your accounts to give your family quick access to your accounts after your death, whether that is through beneficiary designation, POD, or living trust.

This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Estate Planning Attorney
www.RabalaisEstatePlanning.com
Phone: (225) 329-2450