Safety Deposit Box questions

[calvindog]

I have a 1300 pound safe bolted to the ground as well as a giant safe deposit box. I feel better about the safe deposit box as the bank is less likely to be robbed or flooded than my house.

[NiceDocter]

Just a note about semantics..... the bank will correct you if you call it a "Safety Deposit Box" since they don't imply any degree of safety with your rental.... its just a SAFE deposit box which means its located in the safe..... FWIW

[baseballfan]

I didn't read all the responses but if your father is the only name on the box and he dies you will be allowed into the box without an estate being opened. The cards may very well be deemed your fathers property and subject to inheritance. If both your names are on the box you may have to pay inheritance tax on half of the contents. These are PA estates laws so I would check Minn law and how it may effect the box contents if your father dies.

I had a box for years never had a problem. Just didn't have enough in it to keep it.

Good luck with it