Ask Experts Questions for FREE Help !
Ask
    feltsj's Avatar
    feltsj Posts: 1, Reputation: 1
    New Member
     
    #1

    Sep 23, 2010, 04:57 PM
    My father left me a safety deposit box. Do I get it or does the estate?
    My father died with a living trust. In the trust he lists one safety deposit as mine the other as my sister's.The other items in the estate that still had my mother's name on themthat were not listed in the trust, were paid to the trust who then divided them. Is that what will happen with the safety deposit boxes or do they go to the person listed in the trust?
    cdad's Avatar
    cdad Posts: 12,700, Reputation: 1438
    Internet Research Expert
     
    #2

    Sep 23, 2010, 04:59 PM

    They normally go to the person in the trust as stated.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Sep 23, 2010, 05:33 PM

    A person cannot will a safety deposit box. They don't own the box. They can only will the contents of the box. And a trust would have to specify the assets to go into the trust. So the contents of the box would have to go to the estate.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
     
    #4

    Sep 23, 2010, 05:57 PM
    Quote Originally Posted by ScottGem View Post
    A person cannot will a safety deposit box. They don't own the box. They can only will the contents of the box. And a trust would have to specify the assets to go into the trust. So the contents of the box would have to go to the estate.
    The document creating the trust could very well specify "everything contained in such-and-such safety deposit box" to belong to the trust.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #5

    Sep 23, 2010, 06:28 PM

    A will might specify that, but it makes no sense for a trust to do so.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #6

    Sep 23, 2010, 07:17 PM

    And unless the other persons name is on the list to get into the box, they will need a court order from the probate court to be allowed to get into the box.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
    Expert
     
    #7

    Sep 23, 2010, 08:07 PM
    Quote Originally Posted by Fr_Chuck View Post
    And unless the other persons name is on the list to get into the box, they will need a court order from the probate court to be allowed to get into the box.
    That's why it would be nice to see the documents OP is talking about. If the trust is set up right, the trustee would be named in the bank documents and if so would be able to open the box and give the contents to the OP.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

The father of my son and my fince just left.. and left us with on money and food in pa [ 1 Answers ]

We've been together for almost 4 years and we live in a rented house. He just left with his sister and did not say where he was going. He didn't leave me any money, food pluse our son was sick and needed to go to the doctor. I know where he is at but his family won't let me talk to him.

Estate Check - How to deposit [ 2 Answers ]

My son is in receipt of an a check for less than $2,000 made out to his deseased father's esate/my son's name, Executor. This check was issued for the purchase of the trailer by the trailer park where my son and his dad had lived. There are only 2 heirs... a son and daughter both in their...

Deposit on Commercial Real Estate [ 3 Answers ]

How Much Can A Person Charge For Commercial Real Estate. My Friends Finally Found A Place To Rent For An Auto Body Shop But The Owner Wants Four Months Rent As A Deposit. How Many Months Should It Be?

Left a Deposit on a home need advise~ [ 10 Answers ]

Hi Well my husband and I were looking for a new rental place and we found one. Talked to the man that owned it and he gave us the number of his partner and so we called him and that day this was the 19th! We met with the partner and gave him a deposit he wanted us to fill out an application but he...

3rd Roommate Left, What About Her Deposit [ 1 Answers ]

I Moved In With 2 Other Girls Into A Furnished Apt. In Honolulu, Hi Over 3 Years Ago. One Of The Roommates Moved Out After 1 Year. My Boyfriend Moved In. She Was Scared To Ask Him For Her Share Of The Security Deposit So She Left & I Am Not In Contact With Her Any Longer. The Second Roommate...


View more questions Search