Nevada Safe Deposit Box Petition

State:
Nevada
Control #:
NV-SKU-0172
Format:
PDF
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Description

Safe Deposit Box Petition

A Nevada Safe Deposit Box Petition is a type of petition filed in civil court to gain access to a safe deposit box located in the state of Nevada. The petitioner must prove ownership of the box and/or its contents in order to gain access. There are two types of Nevada Safe Deposit Box Petitions: an Owner's Petition and a Non-Owner's Petition. An Owner's Petition is filed by someone who claims to own the safe deposit box and its contents. A Non-Owner's Petition is filed by someone who believes they are entitled to the contents of the box on behalf of a deceased party or as a result of a court order. The petitioner must provide documentation to prove their claim and may be required to post a bond.

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FAQ

You're better off keeping the following items out of your safe deposit box: Passports. Only copies of living wills, advanced medical directives, and durable powers of attorney. Valuables you have not insured. Cash. Anything illegal.

Can the IRS get into my box? IRS representatives cannot arbitrarily gain access to your box. However, they can serve a Notice of Levy or Seizure requiring us to freeze your box. The IRS requests that you open the box in the presence of their representatives.

A safe deposit box is not a deposit account. 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.

A safe deposit box is not a deposit account. 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.

No matter what you store in your safe deposit box, be aware that it isn't insured by the bank, by the FDIC or by any other government agency. Remember, your bank has no idea what's kept in your box.

Can the IRS get into my box? IRS representatives cannot arbitrarily gain access to your box. However, they can serve a Notice of Levy or Seizure requiring us to freeze your box. The IRS requests that you open the box in the presence of their representatives.

LOS ANGELES, CA ? A jury Wednesday ordered Bank of America to pay $2.5 million to a Sherman Oaks woman who said she lost currency and valuables when her safe deposit box was drilled open without her knowledge after a branch closure in 2013.

The trouble with safe deposit boxes began when bank executives realized that the massive vaults weren't resulting in any additional income?in fact they barely covered their own operating costs. Low rental rates and expensive vault construction resulted in little to no revenue for banks.

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Nevada Safe Deposit Box Petition