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Safe Deposit: Drilling Safe Deposit Box Of A Deceased Owner
by John Burnett, BOL Guru
BIO AND CONTACT INFO
Question: We have a safe deposit box whose owner has been deceased since 2001. There was not a beneficiary or joint owner listed. We are in the process of drilling the box. There is a son who was the beneficiary on a CD and redeemed the CD shortly after the father's death. However, he apparently had no knowledge of the box. When we drill the box and log the contents for safekeeping, do we have the legal right to contact the son regarding the box at this time?
Answer: I suggest you try to contact the son to determine if there is an estate representative who could address the matter.
I don't think you have privacy concerns here, since your customer is deceased. What you have is a need to get the box rent current and the property (if any) legally removed before consigning it to abandoned property. Finding a personal representative is a legitimate way to do this.
First published on BankersOnline.com 8/18/03
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