Joined: Jan 2008
We have a customer who passed away recently and the only relationship he had with our bank was a safe deposit box as his other accounts were closed a few months ago. His daughter is a deputy on the box and when we reached out to her about inventoring and closing the box, she said "she could not be bothered". Should we report the box to the state anyway and let her know that she must notify the state and start the process to inventory the box?
#1824809 - 06/18/1308:46 PMRe: Safe Deposit Box Reporting Kristen C.
Joined: Nov 2001
You don't have a duty to report the existence of the box. If a documented representative of the estate decides at some point to seek entry to the box, follow the normal protocol for access and inventory in PA. If nobody follows up on the box, treat is as abandoned property in accordance wit hstate escheat requirements.