Talk of The Villages Florida - View Single Post - How much do you pay for bank safety deposit box?
View Single Post
 
Old 08-26-2024, 11:35 AM
retiredguy123 retiredguy123 is online now
Sage
Join Date: Feb 2016
Posts: 17,406
Thanks: 3,042
Thanked 16,588 Times in 6,549 Posts
Default

Quote:
Originally Posted by rjm1cc View Post
One question is why do you need one. If it is to hold your will and other estate papers I would go to a fire prof safe in the home. Be sure family knows where the papers are and the combination. I leave mine unlocked. In the past I had problems getting into a deceased persons bank box even though I was listed on the box. Was told this is a common problem for the bank.
I agree. For legal papers, scan them and store them on a hard drive and/or in the cloud. For valuables like jewelry, what good are they if they are locked away in a safe deposit box?

However, it is a good place for drug dealers and tax evaders to hide cash from the IRS.