Get rid of your safe deposit box

The conventional wisdom is to put your loved ones on the safe deposit box or title the box in the name of your living trust. The problem is, when you die your loved one goes to the bank and says, “My mother died and I have to get into the box!” That’s when everything stops and they are not allowed into the box without a lot of hassle, and sometimes a probate. So we advise out clients to get rid of the box before you die. Make sure your loved ones know where your estate planning binder is and make sure we at Spees Law have a copy of all documents for safekeeping, in case yours becomes lost. Again, get rid of the Box!

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