Adding Someone to Safety Deposit Box…
If you own a safety deposit box, you understand the stress you get when you realize that no one can access your box, even in distressing situations. Consider the scenario where you are abroad while your family faces a distressing situation back home. They have your...
Can One Person Close a Joint Safe Deposit Box?
Yes, but only the primary owner reserves the right to close a jointly held safe deposit box. There are exceptions, which is what this post will cover. Although, only the primary renter can close a jointly held safe deposit box or one with a co-renter, taking a...
Can a safety deposit box be traced?
Yes, a safety deposit box can be traced, but here are two things you should note: Firstly, how anonymous is your box to external and unauthorised parties? Secondly, can box owners claim their box items if anything happens to a centre? While anonymity is not...
What happens to safe deposit boxes when someone dies?
What happens to safe deposit boxes and their content when someone dies depends on whether they had a joint owner. Or made their last Will while they were alive. Assuming you're the owner, first, is the box jointly rented? If not, do you have a Last Will? In this blog,...
Who can access a safe deposit box?
Only an authorised person, a joint owner, or someone with a key can access your safety deposit box. There are exceptions where you and your joint owner become incapacitated or even die. Then an executor or your heirs can have access but if they meet certain...
How do I access my safety deposit box?
Safety deposit box centres' operations may vary, but there are three common levels to accessing your box. Firstly, you need access to the centre. First is your access to the safety deposit centre. A staff member checks who you are through a professional door entry...