Orange County Estate Planning Attorney Shauna Anderson Discusses things to consider when creating and modifying your estate plan.
Should I own my safe deposit box in my trust or individually?
We generally say you should have the safe deposit box in the name of the trust, so that the successor trustee can gain access to the box. This avoids a successor trustee having to wait 40 days after your passing and have a small estate affidavit to gain access to the safe deposit box. When it is in the name of trust it makes it easy, your successor trustee only needs the death certificate, trust agreement and a tax ID to gain access. It makes it much simpler for everyone involved.
Follow up with your estate planning attorney to ensure that your estate plan honors your wishes and is set up correctly. Contact us today and set up an appointment.
We offer a many different resources and pamphlets on the subject of creating, updating and implementing estate plans. We also offer a regularly scheduled seminar in our office to help people determine what the best options are for them in their estate planning needs. We hope you sign up for one of our seminars to help you find your best options. We regularly conduct free seminars designed to teach about the benefits of creating an estate plan. The seminars are held on-site at our Anaheim office inside of our “classroom”. We offer light snacks and refreshments to the attendees and the group is often small and intimate, which allows for questions to be asked comfortably and for a very relaxed environment. Please encourage your loved ones to attend the seminar so that they may learn more about the estate planning process and benefits.