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Dual control: Two peopleusually a bank employee and the renterare required to open the box. In this way, no one person can ever open the box and remove the contents. Authorized signature: When the safe deposit account is opened, all persons authorized to access the box sign a signature card.
You can appoint a deputy or agent who can have access to your box however, this appointment must occur in the presence of a bank employee. The reason being a deputy or agent role, much like a Power of Attorney, can be granted or revoked at any time, and this role is automatically terminated if you die.
Dual control: Two peopleusually a bank employee and the renterare required to open the box. In this way, no one person can ever open the box and remove the contents. Authorized signature: When the safe deposit account is opened, all persons authorized to access the box sign a signature card.
Don't keep these documents in a safe deposit box:Cash.Passports.Drivers' licenses.Social Security cards.The original copy of your will.Health care directives, such as a living will.
What to Store in a Safe Deposit BoxPersonal papers, such as original birth certificates, adoption papers, marriage licenses, and citizenship papers.Copiesbut not the only copiesof wills and powers of attorney.Military records and discharge papers (e.g., DD 214s)School transcripts and diplomas.More items...