Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
For those that still choose Safe Deposit Box over Safe
>
Reply to Thread
Message:
<p>[QUOTE="Troodon, post: 372719, member: 4626"]Most of those situations where the contents of your box can be seized also apply to <i>all</i> (or most) of your personal assets anyway, whether in a safety deposit box or not. Any form of legal judgement against you (especially from the IRS) can result in seizure of any of your assets (only exception is certain personal property that can be expempted even in the case of bankrupcy). If you die your estate can be taxed, which includes anything you own at the time of your death, in a box or not; once it is taxed anything passed to your heirs isn't subject to tax (to them anyway. After you estate is taxed, what your heirs inherit is not treated as taxable income to them).</p><p><br /></p><p>Safety deposit box contents are no more or less vunerable to legal seizure than anything else you own, and they're significantly better protected from theft. Overall it's a significantly safer place to store things than your own home.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 372719, member: 4626"]Most of those situations where the contents of your box can be seized also apply to [I]all[/I] (or most) of your personal assets anyway, whether in a safety deposit box or not. Any form of legal judgement against you (especially from the IRS) can result in seizure of any of your assets (only exception is certain personal property that can be expempted even in the case of bankrupcy). If you die your estate can be taxed, which includes anything you own at the time of your death, in a box or not; once it is taxed anything passed to your heirs isn't subject to tax (to them anyway. After you estate is taxed, what your heirs inherit is not treated as taxable income to them). Safety deposit box contents are no more or less vunerable to legal seizure than anything else you own, and they're significantly better protected from theft. Overall it's a significantly safer place to store things than your own home.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
For those that still choose Safe Deposit Box over Safe
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...