Will Safety Deposit Box?

Will Safety Deposit Box?

Original Copy of Your Will
It's a good move to keep copies of your own will, your spouse's will and any wills in which you're named the executor locked in a safe deposit box. However, do not store the original copy of your will there – especially if you're the sole owner of the safe deposit box.

Should I put my will in a safe deposit box?

It is usually better to keep the testator's estate planning documents in a safe deposit box at a bank rather than at home. ... Having the documents at a bank will ensure that important documents, such as a will, trust and power of attorney, are not lost due to theft or destruction.

What happens to contents of safety deposit box when someone dies?

If a will is present, it may be copied and the original will be delivered to the court administrator of the county where the decedent lived. ... Other documents or items in the safe deposit box will be inventoried and the inventory provided to the county where decedent resided at the time of death.

James H. Sterling
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James H. Sterling

James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.