Helping clients maintain & enhance current lifestyles.
Safe & Sound
Safe-deposit Box Etiquette
Q2
2016
A safe-deposit box is used to store valuable possessions that you don't need
access to on a regular basis or wouldn't need suddenly in an emergency.
What items belong in my safe-deposit box?
General recommendations include: birth certificates, marriage license, deeds, stock and bond certificates, US Savings Bonds, jewelry, important contracts, valuable collections, pictures or videos of your home's contents for insurance purposes. Note: Digital images can be stored on a secure website.
Consider who has access now and later.
Review rental terms with your bank concerning "ownership" policies: sole, joint, deputy, co-signer etc.
Do I need to insure my safe-deposit box?
If you want protection protection for the valuables held in your safe-deposit box or home safe, talk with your insurance agent. FDIC applies to certain bank accounts, not the contents of safe-deposit boxes.
Seek legal guidance.
For advice on storing your will, trust documents, power of attorney and medical directives, please check with your attorney about what is recommended based on state law.
Keep an inventory, a "running" one.
Continually update the list of safe-deposit box contents. Make sure to save this list in a secure location or online.
And finally the obvious:
In case of theft, don't keep identifying information, such as the box number and bank's name, on or near your safe-deposit box key.
Building a foundation for financial success.
THE BOTTOM LINE
Twinbridge helps clients achieve their financial goals through a network of carefully screened managers who are experts in their fields and have dedicated research analysts to support portfolio decisions. Generally there is no fee for the initial consultation as well as the on-going services:
Evaluating Your Financial Situation
Selecting a Financial Manager
Achieving Your Financial Goals
Maintaining & Enhancing Your Current Lifestyle
Partnering with You for the Long Term
The information contained herein has been obtained by sources believed to be reliable but is not necessarily complete and is not guaranteed. This email is prepared for general informational purposes only and does not have regard to the specific investment objectives, financial situation or particular needs of any person who may receive it. Views are subject to change without notice.
TWINBRIDGE Financial Consulting | 976 Ivycroft Road, Wayne, PA 19087
