Content Overview
- Summary
- Who Has Access To A Safe-Deposit Box?
- What Happens To A Safe-Deposit Box On The Renter's Death?
- What Should Be Stored In A Safe-Deposit Box?
- What Should Not Be Stored In A Safe-Deposit Box?
- Additional Tips About Safe-Deposit Boxes
- What If The Bank Fails?
- What Is The Procedure For Renting A Safe-Deposit Box?
Safe Deposit Boxes
What Should Not Be Stored In A Safe-Deposit Box?
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Documents that need to be accessed quickly should not be stored in your safe deposit box. This includes:
- Powers of Attorney.
- Your Living Will, Do Not Resuscitate Order or Health Care Proxy
- The original copy of your Will.
- Your cemetery deed.
- Burial instructions.
- Cash.
- Trust instruments.
Documents that can easily be replaced don't need to be in your safe-deposit box. For example:
- Copies of insurance policies can be obtained from the insurance companies or your broker.
- Copies of cancelled checks are usually available online or from your bank.
Other records, such as income tax returns, education and employment records, bankbooks, and warranties, usually shouldn't take up room in the safe-deposit box.
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