Don’t keep your Will in Safety Deposit Box

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A safety deposit box serves several functions – namely keeping your important documents or other items in a secure, off-site location. In many cases, a safety deposit is probably safer than a lock box in your home – it is more difficult to break into and limits access. But that limited access can also be a problem if you need quick access to certain documents or other valuables.

For that reason, you don’t want to keep documents or other valuables you may need at a moment’s notice, including your passport, original copies of your will, estate plans, power of attorney, burial preference, medical documents, living will, and similar items. In the event of your death it may take a court order to unseal your safety deposit box, causing a delay in settling your estate. You should leave copies of your will with your estate executor and your attorney.