If my father and I co-owned a safe deposit boxbut he then passed away and my sister now wants half of the coins and savings bonds, is she entitled to them?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If my father and I co-owned a safe deposit boxbut he then passed away and my sister now wants half of the coins and savings bonds, is she entitled to them?
Asked on March 6, 2012 under Estate Planning, Iowa
Answers:
Hong Shen / Roberts Law Group
Answered 12 years ago | Contributor
This may or may not be the case in Iowa so check with a probate attorney there for state law. Typically, a co-ownership of the safety deposit box does not create a co-ownership of the content in that box. Depends on how the safety deposit box account was set up, it could well be that the contents are still belonged to the estate and must be distributed accordingly.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.