What to Keep in a Safe-Deposit Box
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Many banks and credit unions rent safe-deposit boxes. The annual cost can range from less than $50 to more than $400, depending on where you live and what size box you need. In addition to the important documents listed below, consider using a safe-deposit box to store personal items that have great sentimental value or would be difficult and costly to replace.
What to Keep in a Safe-Deposit Box
What NOT to Keep in a Safe-Deposit Box
Missing some of the important documents listed above? Download our free guide on beginning your estate planning.
So what should you do with important items that shouldn't be kept in a safe-deposit box? Store them in a safe place at home, such as a fireproof/waterproof safe, where they are more easily accessible in a hurry. You might want to consider giving the originals of these documents to your estate planning attorney and making a copy to keep at home or to give to a close relative or friend. Even more important, make certain the person you've appointed in your power of attorney and medical care directives has an original copy of these documents.
Quick Tip:
As a precautionary measure, keep a separate list of the items in your safe-deposit box and make a habit of checking the box at least once a year—if only to keep from forgetting where you hid the key.
Once your records are safe, be sure you keep them up to date. If you'd like to include Community Foundation of the Great River Bend in your will or other long-term plans, please contact Barbara Melbourne at 563-326-2840 or barbaramelbourne@cfgrb.org.
