and has specifically request that it not be bequeathed to anyone after their death, what then becomes of that property?
2006-10-04 22:54:24 · 6 answers · asked by LadyRebecca 6 in Politics & Government ➔ Law & Ethics
Can a safety deposit box be rented for say, a century? If so, and the rental is paid up for the next 100 years - will the item be removed prior to that?
2006-10-04 22:59:45 · update #1
If the bill is paid, it would stay in the bank, only moved if the building were moved.
2006-10-04 23:02:15 · answer #1 · answered by redunicorn 7 · 0⤊ 0⤋
You are not going to like this answer, probate, this is an evil word.Try at all cost to avoid any thing to do with probate. This is where good old uncle SAM decides where the money/valuables go.Some how things seem to all go to taxes etc. With no one to over see dividing up amazingly enough, there never seems to be as much as one would expect. Not the recommended way to go.
2006-10-05 06:55:40 · answer #2 · answered by foreversmilingirish 2 · 0⤊ 0⤋
yes, the box will be opened upon death. if there is any cash they will keep a record of how much cash and turn everything over to the executor of the will. because it is such a foolish request the executor will decide what to do with it....are you crazy. you will be blessed at the hour of your death and a judge will later decide if you were nuts when you made the will...
2006-10-05 13:57:43 · answer #3 · answered by Anonymous · 0⤊ 1⤋
It becomes part of their estate and is sold to the government for taxes owed.
2006-10-05 05:58:03 · answer #4 · answered by Colorado 5 · 0⤊ 0⤋
that might vary from state to state, usually unclaimed property goes to the state.
2006-10-05 05:56:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It 'll go to the state.
2006-10-05 05:57:34 · answer #6 · answered by massimo 6 · 0⤊ 0⤋