Safety Deposit Boxes
We all have things that we want to keep safe. While we all hope that our homes are an ideal place for that, sometimes it’s a good idea to keep important items in another location. That’s where safe deposit boxes come in handy.
While many things in our lives are digital, these storage options are still relevant. Many of us still have important papers that are very hard to replace, and this offers a place with ample security to protect them.
So, what should you store in a safe deposit box? A good rule of thumb is to keep items that are important, hard to replace and are not needed often. This can cover a wide range of documents and valuables, such as original birth certificates, power of attorney, will, marriage licenses, military records, degrees and diplomas, house or car documents, social security cards and a home inventory for use when filing a home insurance claim.
Besides paperwork, think about keeping other valuables that you don’t need regularly in a safe deposit box, size permitting. This includes heirloom jewelry that you rarely wear, stamp collections, or particularly important family photos.
Safe deposit boxes are secure on purpose, so they can be difficult to access. Before you register for one, ask about who can have access, and policies if you are incapacitated or pass away. This could be valuable information to include with your power of attorney or will.
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