Question About Safe Deposit Boxes

My other half has full access to the box (and she is well versed on what the coins are worth ;-) ) Now, God forbid we both perish, I hope someone in my family would be sufficient. I'm going down there tomorrow. I'll talk with my banker.

I've worked at a bank for 5 years now and I believe that the box is 'frozen' for 2 years by the bank, unless there is a cosigner or its contents are allocated in a will. During the two years, the bank must try to locate family of the account owner. After two years are up, the bank can drill the box and empty the contents. Contents are usually auctioned or sold and become assets for the bank.

1. Have other relatives added on to the boxes records of people that have access. However, note you normally only get 2 keys so you would have to either give them one or make sure they know where your keys are.
2. If you add relatives, friends, etc to that box, hopefully they are honest or you could end up with an empty box.
3. If you add a wife, Married Son or Daughter, and a divorse occurs, make sure you notify the bank to remove them from the boxes records.
Usually takes a personal appearance.
4. Contact an attorney for what is noted as a living trust will. This will document your safe deposit box, it's approximate contents, and who should acquire this merchandise.
5. Contact an attorney for a standard, after departing type will and be sure it documents safe deposit boxes.
Now what I always wonder is just who at banks all over the world has someone looking through all the papers for who died so they can check to see if they had a Safe Deposit Box that needs to be sealed?
The best and safest method is to just send all your coins to me and stop worrying about the future.

I've been browsing on state surplus website that has their own auctions and there are coins on there all the time. A fellow collector and I were going to try to bid on the huge lot of 161 peace and Morgan dollars and 3 gold maple leaves. Now we put in a decent bid at $4K, but for some reason the guy who runs the collectibles department of the surplus had an imaginary reserve that they do not tell anyone about and we didn't get it. They don't do this to any of their non-collectible auctions.

Sorry for going a little off topic.

Mike

Every state is somewhat different with banking rules. However, if you look into it you'ld find what is called a living trust takes care of all the stuff. Other rules should be looked into though if your just planning on what is in the future.
Now I'm here in one state, my Son and his wife are in another state. I simply got the proper forms, sent them to them, they filled them out and I returned them to the banks where I have those boxes. No problems at all. Now they both are co-owners of those boxes. I also have what is called a living trust type of will. If something happens to me, everything automatically goes to my Son and/or his wife. Not taxes, no problems, no nothing. It's just as if they were living with me and just took over everything. No waiting, no problems. They are then the owners of those boxes. actually they don't even have to notify the banks that I'm not around anymore.

One thing I did think about is what if you do have others placed on as co owners of a safe deposit box. Then you get into an argument with them and they go empty out your box. HMMMMMMM. Just one more thing to think about.
Now here is another thought. You place both your name and your wife's name as owners. You now get a divorse. Can you have her name taken off that box? Or does she have to remove it if she hasn't emptied it yet?

Possibly another solution to all this is to see someone that practices witch craft. Have them rig it up for you that when you die you could still access your safe deposit box one more time. Empty it all out, place in a postal mailer, place my name on that box. Then go rest in piece.