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Agree with the sentiment but I always heard don't keep the will in a lock box (assuming that was what was meant by bank). Aren't lock boxes immediately closed/sealed as part of the estate, if it is an estate, not a trust?
Good thought....A relative (the Independent Executor) has my Statuatory Durable Power of Attorney and Power of Attorney for Healthcare along with my Directive to Physicians....The Power of Attorney along with a Death Cert. will get him into my Bank Safe Box..
Good thought....A relative (the Independent Executor) has my Statuatory Durable Power of Attorney and Power of Attorney for Healthcare along with my Directive to Physicians....The Power of Attorney along with a Death Cert. will get him into my Bank Safe Box..
A Durable Power of Attorney ends at death. This, along with the Death Cert., will NOT get him into your bank safe box. OTOH, if he can get into the box before the bank learns of your death...
A Durable Power of Attorney ends at death. This, along with the Death Cert., will NOT get him into your bank safe box. OTOH, if he can get into the box before the bank learns of your death...
That's exactly what I remember us doing years ago after a death in the family, which wasn't easy in a small town. Because of those incidences I had it pounded into me never put a will in a lock box.
Agree with the sentiment but I always heard don't keep the will in a lock box (assuming that was what was meant by bank). Aren't lock boxes immediately closed/sealed as part of the estate, if it is an estate, not a trust?
Yes that is generally the case. It really depends on the state you live in.
Quote:
Originally Posted by Themanwithnoname
That's why you keep the executor's name on it...
This is a perfect solution no matter what state you live in. Your executor or attorney should be the name on the safety deposit box at the bank.
Quote:
Originally Posted by lenora
A Durable Power of Attorney ends at death. This, along with the Death Cert., will NOT get him into your bank safe box. OTOH, if he can get into the box before the bank learns of your death...
As someone mentioned it can be a stressful time and someone may not think of it in time. If the will is in the saftety deposit box at the bank it might be too late if they go when they find the key. This is especially true if the death is sudden as in an accident.
That's exactly what I remember us doing years ago after a death in the family, which wasn't easy in a small town. Because of those incidences I had it pounded into me never put a will in a lock box.
In Pa I was able to go into the safety deposit box to obtain the signed will without any problem. A bank officer had to be present and make a list of what was in the box. This went to the state so they could get their taxes. This was in a small town. The real problem was the attorney had the box incorrectly titled so at the death of one owner the box could not be accessed. The bank office told me this has been going on for years and usually the other person has to go to the attorney for help. Thus ask the bank how the box should be titled for access after death.
TOTALLY GET IT!!! When we downsized almost 4 yrs ago...there were items I could not even DREAM of parting with....so we marked them, packed them and went about our lives of fitting 3000+ sq ft into 1800.
One year later, I was able to say, "hey, I managed 1 yr without this and sorted.....a year after that, did the same....the following year again. It is funny, but those "oh no I HAVE to have items ID themselves when you realize you have gone a year without...not easy, but almost like Christmas.....married to "OMG!!! I thought THIS was necessary!!!?!?!?!?!?!"
I had a friend who moved into a house and 15 years later still had five boxes she never opened. I told her to toss them -- not even open them. She absolutely couldn't. The idea HORRIFIED her.
I'm betting when she moved cross country those boxes went with.
BUT -- before you toss stuff -- check ebay.... don't throw away good money. EVERYTHING may be sellable. We sell vintage t shirts that no longer fit, old magazines, old costume jewelry, my old purses, books....
I am at a point where if it wont fit in my little cubby drawer at the nursing home, I probably don't need it.
Haha, way to go. My grandmother-in-law had to share a room in a nice nursing home. In her cubby were makeup, fashion jewelry, cards from boyfriends, a few photos, hard candies, chocolates, and nips. That's all one really needs.
We have been in our current house 15 years.... the longest my spouse has been in one place. I suspect we'll be here for at least another 6-8 years... and I will start asking him to clean out his tools. The tool drawers are a mess. I won't even open them.
It's a no-win proposition (for a woman) who asks her man to sort through his tools. Typically they will sort through, rearrange, and when pressed will say they went through everything and absolutely everything is needed. End of story. Those items will be the last to go; he will die clutching them.
oh--You can have antique appraisers come and buy things and you can find people who are like junk dealers who will do an entire clean out and they take everything. They will give you a certain amount of money for instance, to take everything from the kitchen. Also yard sales for lots of stuff, especially tools and things from the garage and basement. At the end, when I got desperate the junk guy was the best----LOL.
I have some fine Japanese prints and also some family jewelry that I would like to get appraised, but I'm not wanting to spend a lot of money to pay objective appraisers. I catalogued the jewelry, brought a dozen pieces to a jeweler who buys gold, and was rudely told a price he would pay for the lot; he would not give me an appraisal (of course not, what was I thinking). Where can I get these prints and jewelry appraised objectively without paying a fortune to do so?
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