Quote:
Originally Posted by philliesfan
Don't forget the legal aspect of the safe deposit box. You may have access to the box but each time you sign in to enter the box, you are agreeing that all owners on the box are still living.
If the unfortunate happens and he passes, you will not legally be allowed to enter the box without a representative of the state. If you sign in the box at a date and time after he passes, you could be in trouble in some way.
Its contents must be inventoried by the executor and a representative of the state and the contents become part of the estate. Just something else to think about.
This is just my understanding from way back when I worked at a bank that had safe deposit boxes.
Robert
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I am the executor of the estate. Everything is in a standard revocable trust , so there will be no probate. Not sure if that helps or makes a difference.