We have some safe deposit customers who want to add a second person to their box as "Payable on Death". This doesn't seem like an appropriate relationship to me as nothing is really payable - but I know very little about safe deposit law. Has anyone else ever seen this? And what type of relationship would you recommend for these folks. Thanks

A person should not be added to a Safe deposit lease as a POD. The only person that can access a safe deposit box after the death of the box holder is the personal representative of the deceased's estate. We require that the PR have a certified copy of the Domiciliary Letter appointing them as PR. Check your state's probate law. If that customer wants they could have a jointly leased safe deposit box. That way if one leasee died the other leasee would still have access to the box.