Safe-deposit boxes are the tools found in bank branches that provide protection with special security systems. These safes, in which real or legal persons can safely store their tangible or intangible assets, have different dimensions. Banks provide sade deposit box services in their branches. However, this service is not available in all branches of banks. Central bank branches have safe deposit boxes and customers can rent these boxes and put their valuables. It is also possible to benefit from this service at many bank branches in New York. For this, the first thing customers need to do is to file a petition to open safe deposit box New York.
Sample Petition to Open Safe Deposit Box New York
Heirs are responsible for performing the judicial and official procedures to open the deceased person’s Safe Deposit Box. If the deceased is in New York or the safe deposit box is in one of the banks in New York, the heirs must file the Petition to Open Safe Deposit Box to that bank branch. Since this process is only done a few times in a person’s life, you may forget about it or you may not have learned it beforehand. Don’t worry, download and fill out the petition samples that we have shared under this title.
How to Open a Deceased’s Safe Deposit Box in New York
Safe Deposit Boxes can be inherited after death. Many people even keep their wills in safe boxes. There are actions that the heirs must do in order to open the Safeboxes. The first of these is to prepare documents proving that they are heirs. They should summit this document they have prepared to the bank.
The first document that the heirs should prepare is the certificate of succession. In this document, there is a list of heirs of the deceased. Opening the safe deposit box of a deceased person is both an official and a judicial event. In other words, there are official and judicial procedures that the heirs have to do in order to carry out this transaction.
After the heirs receive the certificate of inheritance, they go to the bank branch where the safe deposit box is located. With the Petition to open safe deposit box they will fill in here, they will have made their official application to the bank.
Safe Deposit Box Rules New York
In the following cases, the court may request the opening of a safe when a Petition and Will or Instruction to Open Safe-Deposit Box for Burial (PC551) is presented:
If the Safe Deposit Box contains the deceased’s Will or a funeral plan
The person concerned submits the Instruction and Petition to the Court to Open the Safe Deposit Box for Finding the Will and/or Deed of Burial (Form PC551).
The person concerned submits the Instruction and Petition to the Court to Open the Safe Deposit Box for Finding the Will and/or Deed of Burial (Form PC551). The court fee for the Petition and the Safe Deposit Box Opening Instructions is $21.00. (This amount may change overtime.)
When the box is opened, an official or other authorized employee of the financial institution where the box is located should be present.
Are Bank Safe Deposit Boxes are really in Safe?
The safe deposit boxes New York are in private rooms specially designed by banks. If you want to enter this room, you will be accompanied by a bank officer. Most banks use the encryption security method for the security of the safes while offering these services.
Bank safe deposit boxes have a design with two different keyholes. One of these keys is given to the bank officer and the other is given to the owner of the safe. The customer who rents the safe has to use both keys to open the safe. So a bank officer accompanies him.
In addition, the assets placed in the safe are definitely under the guarantee of the bank in case of theft or fire. We can also call this a kind of asset insurance. Safe deposit box fees are determined annually and are paid in advance.
How Much Are the New York Safe-Deposit Box Fees?
Safe deposit box fees vary according to size in all banks. These are small, medium and large sizes. Safe deposit box fees are determined annually and are paid in advance. All banks provide safe deposit boxes. However, this service may not be available in all branches of banks. You can contact the banks to find out the most suitable safe deposit box prices.
Can the Safe Box be opened by someone other than the owner?
Safe Boxes have two keys. The lessor has one of these keys. The other is in the bank. Thus, a double security is provided. No one other than you can open the safebox you rented. However, if you have given authorization and power of attorney to a third party to open it, that person can open it.