While safe deposit boxes are commonly used to protect valuable items and important documents (such as a insurance policies, a will, or a trust), it is just as common to overlook what will happen to that safe deposit box after you die.

The unintended consequences could be devastating or at the very least frustrating for your family in settling your affairs and estate. Surviving family members might not know a safe deposit box exists or where to locate it. Even if a safe deposit box is known to exist, banks may not be the most cooperative when it comes to allowing family to access it. The unfortunate result is that the items protected end up inaccessible, hidden, or unclaimed.

In this video, Kevin Snyder shares what you need to know to plan better and prevent this from happening.

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