It goes without saying that a safe deposit box should be used to store things of importance.
Copy of your will
Copy of insurance policies
Titles to your house and cars
Detailed list of bank and brokerage accounts, CDs and credit cards
Marriage license / Divorce decree
Expensive, rarely-worn jewelry
Stock and bond certificates
But some items should not be kept in a safe deposit box because they may be sealed away shortly after death causing delays and administrative problems for the executor and heirs.
Powers of Attorney
These items should be kept in a fire proof safe. Don’t have a fireproof safe? Consider using your freezer. By putting the document in a ziplock bag and placing it in your freezer you have an instant poor man’s safe.
This entry was posted by David on August 21, 2008 at 11:39 pm, and is filed under Estate Planning. Follow any responses to this post through RSS 2.0.Responses are currently closed, but you can trackback from your own site.