Safe deposit box services Forms for Collin
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FAQ
What Should I Keep in a Safe Deposit Box?Birth certificates.Marriage certificates.Title papers for your vehicle.Deed to your home.Important legal documents.Paper bond and stock certificates.
Use an in-house notary (and as Ken suggests, use the notary only to notarize bank officers' signatures), and include a simple check box on the officers' affidavit that the box was, indeed, empty.
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.
Safe deposit boxes often have more than one name listed as owner. When such assets are owned by two or more persons as Joint Tenants with a Right of Survivorship, Joint Tenants, JTWROS, or simply have the word or between their names, some very specific legal rules apply.
Dual control: Two peopleusually a bank employee and the renterare required to open the box. In this way, no one person can ever open the box and remove the contents. Authorized signature: When the safe deposit account is opened, all persons authorized to access the box sign a signature card.
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.