This is a form signed by an individual who rents a safe deposit box granting permission for a another individual to have access to the same safe deposit box under certain circumstances.
Mississippi Permission For Deputy or Agent To Access Safe Deposit Box
State:
Multi-State
Control #:
US-PRM-32
Format:
Word;
Rich Text
Instant download
Description
How to fill out Permission For Deputy Or Agent To Access Safe Deposit Box?
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FAQ
The IRS can no longer simply take your bank account, automobile, or business, or garnish your wages without giving you written notice and an opportunity to challenge its claims. When you challenge an IRS collection action, all collection activity must come to a halt during your administrative appeal.
Safe deposit boxes may be frozen, similar to a bank account, until the matter has been resolved.
A dual key system protects safe deposit boxes. The bank provides you with two keys of your own, and the bank has a 'guard' key. Without the combination of one of your keys and the bank's guard key, the box cannot be opened.
You'd think that an executor, spouse, family member of the deceased, or anyone with a key can walk into the bank and open a safe deposit box. But, that's not the way it works. In most states, safe deposit boxes are sealed and cannot be accessed when the original renter passes away.
When you rent a safe-deposit box, you are issued two keys, which fit only your lock. Each key should be secured in a safebut separate location.
Every bank branch requires a signed signature card for each person (regardless of whether or not they have an account with the branch) who wants access to your safe deposit box. The people who attempt to access your box must sign their name before they enter the bank vault.
It's better to put the money in an interest-bearing account or certificate of deposit. Some banks expressly forbid storing cash in a safe deposit box.
In addition to freezing accounts, levying accounts, garnishing wages, and seizing assets, the IRS can get a court order to freeze and seize or force a sale of the contents of a safe deposit box to satisfy a tax debt or penalty.
This will be essential to ease the process with the bank. California law basically requires that a person requesting access to a safe deposit box provide a death certificate, a driver's license (or other valid identification), and be in possession of a key.
Assets the IRS Can Seize The IRS can seize practically any asset that has value/equity and can be liquidated into cash. This includes real estate, cars, jewelry, and even the investments you made to give yourself a comfortable retirement.
