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A Safe Deposit Box May Be Too Safe For Your Estate Planning Documents

You sign your documents that describe what you want to happen if you die (your trust and/or your will). You sign your documents that describe what you want to happen if you are alive but incapacitated and unable to speak for yourself (your durable power of attorney, your living will and your designation of healthcare surrogate). Then you take these documents and put them in your safe deposit box at the bank for safe keeping.

Putting documents as important as these in your safe deposit box may seem like a logical thing to do but really, a safe deposit box isn’t always the best place to keep these documents. It isn’t that they aren’t safe there; it is that they are not necessarily accessible there when they are needed the most. If you become incapacitated or die, who has access to your safe deposit box? If it is no one but you, there may be a delay in getting to these documents.

Even if your spouse or adult child has access to the safe deposit box with you, in an emergency, do you want them to have to stop by the bank and retrieve your document designating them as your healthcare surrogate on the way to the hospital to speak for you?

It is this fact that estate planning documents are mostly needed in situations where we no longer have control (because we have passed away or become incapacitated) that can make our normal logical places for safekeeping them not so logical. Do your family a favor and instead of thinking like the owner of the documents, think like the family member who needs access to them when choosing the safe spot for storing your estate planning documents.

  • Why Choose
    Our Firm?

    We limit the number of clients that we have at one time, allowing us to focus on your case.

    Personalized Representation
  • Know the
    Benefits

    Find out if you and your family can benefit from our elder law planning services!

    More Information
  • Dedicated & Experienced

    Our firm exclusively handles elder law concerns so your family can obtain peace of mind.

    Meet Your Attorney
  • Complimentary Consultation

    Let us help. Request your consultation today and we will be in touch.

    Contact Us Now

Contact Us

Edwards Elder Law, P.A.
St. Petersburg Elder Law Attorney
Located at: 2510 1st Ave. N.,
St. Petersburg, FL 33713
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Phone: (727) 755-5808
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