Answer:
Answer by Randy Carey:I would not let anyone in the box that has not signed the safe deposit box contract. The father needs to consult an attorney or financial planner, as this is not the proper way to accomplish his goals.
Answer:
Answer by Ken Golliher:No disagreement, just an observation that the use of the term "joint owner" is not accurate in the case of a safe deposit box. However, the son in this example is not the joint renter either. If the son never signed the lease, he is not entitled to access, and would not be entitled to access after the death of the sole lessee.
First published on BankersOnline.com 4/12/10
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