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The security of a safe deposit box is that it's locked up in a safe that is much less accessible than any safe in your own home would be with alarm systems and a two-key entry method. All that is out the window when you take the stuff OUT of the box and wear it - that's what you need insurance for - like a rider on your HO - personal articles policy (PIP).
Nope, the bank has no idea what's in your safe deposit box. No FDIC insurance whatsoever.
If it were me, I'd put it in a safe at home and get insurance on it. And I'd wear it sometimes.
You're going to have to pay for a safe deposit box, or for insurance. But if it's in a safe deposit box, you're not likely to wear it.
Who actually owns this piece of jewelry?
That's confusing. My mother wanted to sell it to pay for things she really needed. My brother wanted to give to fiance. My mother agreed IF I agreed. I guess meaning that she saw it as half mine.
I agreed with the caveat that it comes back to my mother if they don't get married or get divorced. There would have to be a pre-nup for it.
They did in fact break up after my mother passed. He keeps saying the ring is ours but he doesn't mean it, lol. He can give lip service by saying that since his caveat is that it's his to give to his next fiance. Which won't exist - an entirely other matter - but I am not out to fight with him over it.
I just thought it only fair for it to be in safety deposit box with me named as beneficiary should anything happen to him I can retrieve it w/o needing to go through expense of probate.
I would do that for him if situation was reversed.
Unless you have this in writing, you are worried about something that is your brother's.
Agreed. This is all theoretical about an object of which the OP may never have physical possession.
She should be aware that should her brother pass suddenly, whoever he happens to be living with at the time is likely to help themselves to the valuables. Or even a friend. Then good luck in getting it back.
I just thought it only fair for it to be in safety deposit box with me named as beneficiary should anything happen to him I can retrieve it w/o needing to go through expense of probate.
I would do that for him if situation was reversed.
That's confusing. My mother wanted to sell it to pay for things she really needed. My brother wanted to give to fiance. My mother agreed IF I agreed. I guess meaning that she saw it as half mine.
I agreed with the caveat that it comes back to my mother if they don't get married or get divorced. There would have to be a pre-nup for it.
They did in fact break up after my mother passed. He keeps saying the ring is ours but he doesn't mean it, lol. He can give lip service by saying that since his caveat is that it's his to give to his next fiance. Which won't exist - an entirely other matter - but I am not out to fight with him over it.
I just thought it only fair for it to be in safety deposit box with me named as beneficiary should anything happen to him I can retrieve it w/o needing to go through expense of probate.
I would do that for him if situation was reversed.
What you would or would not do is irrelevant. It was given to your brother who is in possession and does not seem to want to change that. Your mother is gone so it cannot go back to her. Unless you are named in his last will what do you want to go through probate for?
That's confusing. My mother wanted to sell it to pay for things she really needed. My brother wanted to give to fiance. My mother agreed IF I agreed. I guess meaning that she saw it as half mine.
I agreed with the caveat that it comes back to my mother if they don't get married or get divorced. There would have to be a pre-nup for it.
They did in fact break up after my mother passed. He keeps saying the ring is ours but he doesn't mean it, lol. He can give lip service by saying that since his caveat is that it's his to give to his next fiance. Which won't exist - an entirely other matter - but I am not out to fight with him over it.
I just thought it only fair for it to be in safety deposit box with me named as beneficiary should anything happen to him I can retrieve it w/o needing to go through expense of probate.
I would do that for him if situation was reversed.
Unless you have legal written documentation to outline the ownership of the piece, you have no say. He said/She said doesn't hold up and fair doesn't matter, nor what you would do.
Sounds like he owns it and has no intention of letting you have it, so find a way to move on.
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