Louisiana Order Authorizing Petitioner to Open Safe Deposit Box of Decedent

State:
Multi-State
Control #:
US-01445BG
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

During your lifetime, your safe deposit box can be accessed by you, a joint owner, or a Deputy designee. A Deputy is someone who can act on your behalf to access the box in your stead. The Deputy designation can be changed at any time by you with written notice to the bank. A Deputy's authority ceases upon your death.

In the event of a customer's death, we are under no obligation to allow access to the deposit box to any person claiming to be the personal representative but may, in our sole discretion, allow access on such terms as we deem necessary if such person produces to us: A certified copy of the Death Certificate.

Accessing a Deceased Person's Safety Deposit Box Notify financial institutions or banks about the death of the safety deposit box owner. Receive instructions from the financial institution on how to gain entry into the safety deposit box. Obtain court permission to access safe boxes if that is the only recourse.

The Illinois Safety Deposit Box Opening Act states that certain individuals have the right to access the contents of a safety deposit box, including the executor of the deceased person's estate, a co-lessee, the decedent's spouse, and immediate family members.

Louisiana's intestate rules distribute a deceased person's assets to various relatives, beginning with the children and spouse and extending to other descendants, ancestors, and descendants of ancestors.

It is storage space provided by the bank, so the contents, including cash, checks or other valuables, are not insured by FDIC deposit insurance if damaged or stolen. Also, financial institutions generally do not insure the contents of safe deposit boxes.

(3) Qualified person. ? A person possessing a letter of authority or a person named as a deputy, lessee or cotenant of the safe-deposit box to which the decedent had access.

A safe deposit box may be owned as an individual or jointly. You may want to own one with your spouse, children, or a close family member. During your lifetime, your safe deposit box can be accessed by you, a joint owner, or a Deputy designee.

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Louisiana Order Authorizing Petitioner to Open Safe Deposit Box of Decedent