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Safe Deposit Box - Will Location

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plm2jjm2

Guest
What is the name of your state? Pennsylvania

We have an aging parent who is about to die. The will for this individual is located in a safe deposit box in a local bank. The family member who has been chosen to be the executor does not currently have access to the safe deposit box. Upon the parents death, how can the executor gain acces to the contents to the safe deposit box to obtain the will? Please advise. Thank you. Joe.
 


Seanscott

Member
If possible, have the aging parent add the executor as owner of the safety deposit box. That way the executor can have access. Otherwise, Uncle Sam will want to know the entire contents of the box for tax purposes.
 

Dandy Don

Senior Member
Ask the aging parent to get the will now and give it to the executor or put it somewhere else (with another trusted relative or attorney) for safekeeping temporarily.

The executor (or someone else in the family, if they want to protect the executor's anonymity) should visit the safe deposit box department BEFORE the death occurs to find out exactly what the bank's rules/regulations/official policy will be after the death occurs, in order to avoid any unpleasant surprises. Find out now what requirements the bank has so that the executor can get access at the proper time.

DANDY DON
 

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