Deciding where to keep your important documents is important and critical if you want your estate plan to be appropriately handled. If your heirs cannot find your estate plan documents, then they cannot present them to the necessary authorities to carry out your wishes. Here are a couple of considerations in deciding where to keep your documents:
- A drawer in a desk in your home office is not necessarily a safe place. You need to consider the possibility that your home can be destroyed in a natural disaster. Floods, fires, hurricanes and tornadoes all destroy homes. If your documents are in the house, they can also be destroyed. A copy of your documents can of course safely be stored in your home, but not the originals.
- A safety deposit box is a good choice, but only if someone else can access it after you pass away. Under ordinary circumstances, the bank will only let someone else access your safety deposit box with a court order. Make sure that at least one person is on file at your bank as having the ability to access your safety deposit box by showing a death certificate to the bank.
Talk to a qualified Estate Planning attorney about where you should store your important estate plan documents.
Latest posts by Bob Nash, Partner (see all)
- Estate Planning Attorneys Remind You to Include Your Pets in Your Plan - April 30, 2018
- Living Trust Attorneys Explain How to Modify or Revoke a Trust - January 5, 2018
- Basics of Estate Planning: Lack of Coordination - November 7, 2017