Safe deposit boxes are commonly used to protect valuable belongings and important documents (such as insurance policies, financial documents, a will or a trust). However, it is easy to overlook what will happen to that safe deposit box after you die or you became incapacitated. The unintended consequences could be devastating or as your family or loved ones might not know that a safe deposit box exists or where to locate it. Even if a safe deposit box is known to exist, banks may not be the most cooperative when it comes to allowing family to access it. The unfortunate result is a frustrating process that may lead to the valuables in your safe deposit box being inaccessible, hidden, or unclaimed.
What can you do to prevent this from happening? Watch this video to learn more.