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Safety Deposit Boxs are NOT safe
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<p>[QUOTE="Treashunt, post: 8624612, member: 6763"]As for the currency, yes, not acceptable.</p><p><br /></p><p>In the even of the death of the owner, the box is opened by the bank, in full view of a notary, usually 2 bank officers, and [possibly] the recipient of the proceeds.</p><p>If there is any 'cash' meaning currency, not rolls of wheat cents, then it is deemed to be from 'unreported income', a 1099 is issued and the estate will have to report the income.</p><p><br /></p><p>Collectible coins are another story[/QUOTE]</p><p><br /></p>
[QUOTE="Treashunt, post: 8624612, member: 6763"]As for the currency, yes, not acceptable. In the even of the death of the owner, the box is opened by the bank, in full view of a notary, usually 2 bank officers, and [possibly] the recipient of the proceeds. If there is any 'cash' meaning currency, not rolls of wheat cents, then it is deemed to be from 'unreported income', a 1099 is issued and the estate will have to report the income. Collectible coins are another story[/QUOTE]
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Safety Deposit Boxs are NOT safe
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