My mother is elderly and is confined to a wheelchair, not in the best of health. I have been staying with her for the past 3 years, caring for her and handling her affairs. She has a safe deposit box and has given me the box # and key, asking me to bring her the items in the box. Will I be able to access or is mother the only one allowed access??
2007-06-20 09:04:17 · 8 answers · asked by MerryJayne 2 in Business & Finance ➔ Personal Finance
Most of the time you sign something when you go in to access a safe deposit box and they match signatures. And the safe deposit box 'owner' uses their key and an authorized bank employee uses a bank key to actually open the box. Without being a listed person having access to the safe deposit box you cannot legally open it much less remove items from it. Do you have a POA on your Mother? If so you can call the bank and ask if yoru POA would allow you to access the box. The bank has liability on the contents of the box if it's taken by someone unauthorized so they are careful about allowing access. ... It would be easiest if you were able to take your Mother with you so she was there when you access the box - and she'd have to sign the form that the bank requires when the box is accessed.
2007-06-20 09:13:09 · answer #1 · answered by Barb B 4 · 0⤊ 1⤋
Of course you can. You can put almost anything you want into the box. However, after paying about $40 a month for one, I went out and bought a fireproof safe for $150 saving me a bundle. Most people just put legal documents into the box; wills, trusts, life insurance policies, etc. All fine, but if you are going to do that save a bundle and buy a safe. On the other hand, if you are wanting to store documents away from home, it can be a good solution. No one knows what is in that box till you die.
2016-04-01 08:17:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Likely, she'll be the only one to access the box. Depending on the bank, she may be able to provide some sort of signed statement allowing you access. Otherwise, she may have to grant you Power of Attorney over her financial affairs.
2007-06-20 09:08:11 · answer #3 · answered by cardinalfanusa 3 · 0⤊ 1⤋
I believe she is the only one who has access to it. Unless you get her to sign a affidavit giving you permission to access her safe deposit box.
To make sure you should
Call the bank and see what actions you should take.
2007-06-20 09:11:54 · answer #4 · answered by Life Is Amazing 3 · 0⤊ 1⤋
If you have Power of Attorney for her, you can enter the box; or if your name is on the box jointly, you can enter the box. Otherwise, you will not be allowed into the box regardless of whether or not you have the key.
2007-06-20 09:07:25 · answer #5 · answered by legalchick791 5 · 2⤊ 0⤋
She has to go to the bank and authorize your access.
2007-06-20 09:07:23 · answer #6 · answered by lunatic 7 · 1⤊ 1⤋
You should be able to no problem... It may depend on the bank...
2007-06-20 09:07:40 · answer #7 · answered by The Jamn 2 · 0⤊ 3⤋
They are safe. they are for deposits. they are boxes.
2007-06-20 09:07:01 · answer #8 · answered by Anonymous · 0⤊ 5⤋