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How Safe Is Your Safe Deposit Box?

A home or business burglary can be devastating. Not only may you loose some of your most important belongs, but you can feel vulnerable. An easy way to find peace of mind and prevent theft is to keep a wall safe in your home or office.

Your other alternative is to have physical possession of your gold, not in a Safe deposit box for sale. You can bury it in the backyard or hide it in your sock drawer and just wait out the prohibition on gold ownership. The last time they did it, it lasted 40 years.

You should have either a video, a set of digital photos on a thumb drive or a set of paper photos to use as evidence in case your house burnt completely to the ground and insurance had to replace everything. A written inventory kept in a bank deposit box is not considered evidence. If you keep CDs or a thumb drive in your fireproof safe, make sure it is rated to protect them – there are separate ratings of ‘fireproofness’ for paper and for computer data, which is ruined at a lower temperature.

For a levy that includes a check for safe deposit boxes, instruction letters to Sheriffs should say something similar to: “please have the Sheriff levy all funds under the name of Dan Debtor SSN 123-456-7890 at CostAPlenty bank, 123 Rich Street, San Jose, CA, 90001, for the judgment debtor. Please levy first any and all savings and deposit accounts, and then if the writ of execution is not fully satisfied, check for any and all safe deposit boxes in the name of the judgment debtor”.

Suspend your mail and newspaper delivery, or have that trusty neighbor collect everything so it doesn’t gather on your doorstep. A pile of mail is a sure sign that your house is ripe for breaking in and entering.

File the Will with Probate Court. Each state has laws that state the time requirements for filing a will after the death of the testator. Usually it is 30 days, but find out your state’s law.

Talk to a qualified, experienced divorce lawyer. An experienced divorce lawyer I know is fond of telling his clients that you do not need a lawyer to get a divorce, but you need them for the consequences of your divorce. He is right. You can likely get a divorce by finding some forms on the Internet or hiring a lawyer that advertises for cheap uncontested divorces. If you have no children, a marriage of only a year or two in duration, no assets or debts have been accumulated during the marriage, and you and your spouse agree on everything, then you probably do not need a divorce specialist. Otherwise, you would be well served to talk to someone who does specialize in divorce and family law.

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