Safety Deposit Box?
My sister is trustee and executor of her will.
The bank explained to me that they will not allow the box to go into a trust.
Can I close out the box and distribute the contents equitably?
Does my sister have any recourse if I do so?
1 attorney answer
when one person on a box dies the box is sealed. This is because you don’t own a box - you rent a box. The box should therefore be sealed. The executor in the Will can probate the Will and then retrieve the contents of the box and then distribute those contents pursuant to the terms of the Will. If the Will says everything goes to the trust then the executor can transfer assets to the trust.