This order goes along with a petition for an order to open a safe deposit box of a decedent. Whether your will should be in a safe deposit box at a bank or elsewhere, such as with your attorney, depends on what your state law says about who has access to your safe deposit box when you die. The recent trend in many states is to make it relatively easy for family members or the executor to remove the will and certain other documents (such as life insurance policies and burial instructions) from a deceased person's safe deposit box. In those states, it might be a good idea to leave your will in the safe deposit box. However, in some states, it may require a court order to remove the will, which can take time and money.
Deposit Box Refuse With Confidence
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How to fill out Order Authorizing Petitioner To Open Safe Deposit Box Of Decedent?
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Living wills, advance medical directives, and durable powers of attorney are a poor choice for a safe deposit box if they are the only copies. Cash is also a bad choice, since you can earn interest by putting it in a savings account.
Items You Shouldn't Keep In a Safety Deposit Box Passports, medical directives, the only copies of wills and powers of attorney, and other documents that you may suddenly need are better kept in a secure spot at home, such as a fireproof home safe that's bolted to the floor or wall.
A person can place just about anything that will fit in a safe deposit box in one. Holders of these boxes are granted complete privacy by the financial institutions where they're located. Someone could store cash, jewelry and other valuables, savings bonds, deeds to property and information about an inheritance there.
Here are the steps to get a safe deposit box: Decide what you want to store. This dictates the box size you'll need. Decide who can access the box. ... Make an appointment with the bank. ... Open the account and sign the agreement. ... Get your key and put your items in the safe deposit box.
Safe deposit boxes are a good place to keep hard-to-replace documents such as contracts and business papers, military discharge papers, and physical stock and bond certificates, along with small collectibles and family heirlooms.