Probate
May 16, 2012
Accessing safe deposit boxes after death
What happens to the contents of a safety deposit box when the owner is gone? By Mark J. Phillips of Goldfarb, Sturman & Averbach
Individually owned safe deposit boxes at banking institutions are still a common feature in decedents estates in California. While ownership of these boxes is declining as a result of the increased availability of home safes and the waning practice of holding securities in certificate form, millions of individuals continue to take advantage of such boxes. Often they hold only important papers, but depositors continue to use such b...
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