When a family member passes away and gives you a key and nothing else, your first thought may be that he may have hidden away some money in a bank deposit box. Locating the box that corresponds with the key should be first on your agenda. The box may hold a will or some other important document.
Locate all paperwork that could be connected to the deposit box. Looking under mattresses and inside book pages may yield favorable results.
Check the local banks in the area where your box owner may have resided. Often, individuals secure safe deposit boxes at the same banking institution where they maintained checking, saving and investment accounts.
Sift through any financial statements left behind by the box's owner. Specifically, look for fees related to the safe deposit box that signals at which financial institution the box resides.
Tips & Warnings
- If a box owner is deceased, if can become a serious burden to open a safe deposit box without any type of proof that you have a right to see the contents.
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