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For those that still choose Safe Deposit Box over Safe
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<p>[QUOTE="Treashunt, post: 372865, member: 6763"]Be cautious storing cash in a safety deposit box.</p><p><br /></p><p>In the event of a death the box is opened and inventoried.</p><p><br /></p><p>If there is cash in there it is 'assumed' that it is a result of unreported income and the government will require a tax return to be filed out reporting the cash as income, and taxes paid thereon.</p><p><br /></p><p>That is the reason for the warning about the cash.[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 372865, member: 6763"]Be cautious storing cash in a safety deposit box. In the event of a death the box is opened and inventoried. If there is cash in there it is 'assumed' that it is a result of unreported income and the government will require a tax return to be filed out reporting the cash as income, and taxes paid thereon. That is the reason for the warning about the cash.[/QUOTE]
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