Safety Deposit Box

Being an estate trustee has many serious responsibilities. Some are almost inconsequential and others are quite monumental.
Estate trustees need to identify the assets of the deceased for many reasons. It happens from time to time that the deceased rented one or more safety deposit boxes from a bank.

If there is a box then you need to get access to the box to inventory what is in it. You will also need to be sure that there is not someone else who is a joint owner of the box.

Locate the key and call the bank to make an appointment to open the box. If you cannot locate the key, as sometimes happens the bank will “drill” the box (at a cost, however).
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When you go to the bank you should be given access to the box with a bank employee. They need to be sure that nothing is removed from the box. A written inventory of the items in the box will be made and you will be asked to sign it. You will receive a copy.

If there are valuables in the box such as stock certificates, deeds, and insurance policies to name but a few you need to note what they are and to try to decide on the value since you will need to pay estate administration tax on the financial value of the estate. See a separate note on that issue.