Accessing Safety Deposit Box

Summary

In Florida, to access a deceased persons safety deposit box, present a certified death certificate and proof of joint account holder status to the bank. For inventory verification, involve a notary or bank official. A coin dealer is recommended for appraising gold coins. Federal estate taxes apply to estates over $12.92 million, but Florida has no state estate tax. Consult a probate attorney for detailed guidance.

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How can it be proven that nothing is stolen?
To ensure that nothing is stolen from the safety deposit box, you can follow these steps:
- Request the bank to have a witness present during the opening of the box.
- Take a detailed inventory of all items in the box, preferably with photographs or videos.
- Have the inventory list signed and dated by all parties present.
- If possible, involve a neutral third party, such as a notary public, to verify the contents.
Would you like assistance connecting with a local lawyer to help guide you through this process?
Should I hire a notary for this or use someone at the bank that is a notary.
You can use a notary at the bank if one is available, as they can serve as a neutral third party to verify the contents. This is often a convenient and cost-effective option. If you need further legal assistance, I can help connect you with a local lawyer. Would you like that?
The amount of gold coins is significant and varied. Should I hire a jeweler or a coin dealer for an accurate inventory?
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For an accurate inventory of gold coins, a coin dealer is generally more knowledgeable about the value and rarity of coins compared to a jeweler. They can provide a more precise appraisal.
Would you like any further assistance regarding the legal aspect of this matter?
jean
Case Rating: *
A coin dealer would indeed be the best choice for an accurate inventory and appraisal of the gold coins. If you need any more assistance, feel free to ask!
How accurate does the appraisal have to be? The will states that my brother receives the contents of the safety deposit box.
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The appraisal should be as accurate as possible to ensure fair distribution according to the will. An accurate appraisal helps avoid disputes and ensures your brother receives the correct value.
Would you like any more assistance with the legal aspects of this process?
Will the estate have to pay taxes on that?
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In Florida, estates may be subject to federal estate taxes, but there is no state-level estate tax. Here are the key points:
- Federal estate tax applies to estates over $*.* million (*).
- Inheritances are generally not taxed for the beneficiary.
- Consult a tax advisor for detailed advice.
Do you have any more questions related to this topic?