On Tue, 1 Mar 2011 19:47:10 -0500, (Bob R) wrote:


Does anyone in the group have a safety deposit box at a local bank? Or
had one in the past?

I checked at a local bank here (Upstate N.Y.) if it matters. The one
thing I don't like about it, is you don't get any kind of receipt for
what you put in it. Also, the bank says only the person who has the box
has a key to it. The only way the bank could get into it is if the
rental fee is not kept current.

So, good or bad idea to get one? Any opinions and or comments will be
greatly appreciated.

Thank you.

Bob

In my opinion it is a good idea if you have items that you would like
to keep more safely than they would be in a dresser drawer. Things
like car titles, property deeds, wills, etc. come to mind.

On Mar 1, 9:14*pm, Gordon Shumway wrote:
On Tue, 1 Mar 2011 19:47:10 -0500, (Bob R) wrote:

Does anyone in the group have a safety deposit box at a local bank? Or
had one in the past?

I checked at a local bank here (Upstate N.Y.) if it matters. The one
thing I don't like about it, is you don't get any kind of receipt for
what you put in it. Also, the bank says only the person who has the box
has a key to it. The only way the bank could get into it is if the
rental fee is not kept current.

So, good or bad idea to get one? Any opinions and or comments will be
greatly appreciated.

Thank you.

Bob

In my opinion it is a good idea if you have items that you would like
to keep more safely than they would be in a dresser drawer. *Things
like car titles, property deeds, wills, etc. come to mind.- Hide quoted text -

- Show quoted text -

What about a fireproof safe in your own home?

"Gordon Shumway" wrote in message
...
In my opinion it is a good idea if you have items that you would like
to keep more safely than they would be in a dresser drawer. Things
like car titles, property deeds, wills, etc. come to mind.

NEVER put a will in the box. It is sealed when the person dies and you can
not get to it for a while. There has to be an officer of the court
(referred to as the tax man eairly) present to list the contents of the box.

"hr(bob) " wrote

What about a fireproof safe in your own home?

Great for some stuff, not as good for others. I have a box at home with
passports, papers that may be needed occasionally, etc. But, the entire box
can be stolen so it is less secure than a bank vault. Not a good place if
you have say, five pounds of gold to hide. Assess your needs and decide.

In article ,
"Ed Pawlowski" wrote:

"hr(bob) " wrote

What about a fireproof safe in your own home?

Great for some stuff, not as good for others. I have a box at home with
passports, papers that may be needed occasionally, etc. But, the entire box
can be stolen so it is less secure than a bank vault. Not a good place if
you have say, five pounds of gold to hide. Assess your needs and decide.



Also they are fire resistant, not fireproof. During my time doing
fire investigations (albeit in the late 70s/early 80s) there were a few
times where we opened up a rather pristine looking safe to find ash
because the fire was hot enough and long enough to heat the inside of
the safe too much.

--
"Even I realized that money was to politicians what the ecalyptus tree is to koala bears: food, water, shelter and something to crap on."
---PJ O'Rourke

"Ralph Mowery" wrote in message
...

"Gordon Shumway" wrote in message
...
In my opinion it is a good idea if you have items that you would like
to keep more safely than they would be in a dresser drawer. Things
like car titles, property deeds, wills, etc. come to mind.

NEVER put a will in the box. It is sealed when the person dies and you
can not get to it for a while. There has to be an officer of the court
(referred to as the tax man eairly) present to list the contents of the
box.


Your attorney should have a copy of your will, unless you were too cheap to
pay an attorney a couple hundred bucks to draw up your will.

On Wed, 2 Mar 2011 10:21:00 -0500, "JoeSpareBedroom"
wrote:

"Ralph Mowery" wrote in message
...

"Gordon Shumway" wrote in message
...
In my opinion it is a good idea if you have items that you would like
to keep more safely than they would be in a dresser drawer. Things
like car titles, property deeds, wills, etc. come to mind.

NEVER put a will in the box. It is sealed when the person dies and you
can not get to it for a while. There has to be an officer of the court
(referred to as the tax man eairly) present to list the contents of the
box.


Your attorney should have a copy of your will, unless you were too cheap to
pay an attorney a couple hundred bucks to draw up your will.

Yeah Joe- that way he can charge your heirs a percentage to probate it
when you cease to be.
--
Mr.E

"Mr.E" wrote in message
...
On Wed, 2 Mar 2011 10:21:00 -0500, "JoeSpareBedroom"
wrote:

"Ralph Mowery" wrote in message
...

"Gordon Shumway" wrote in message
...
In my opinion it is a good idea if you have items that you would like
to keep more safely than they would be in a dresser drawer. Things
like car titles, property deeds, wills, etc. come to mind.

NEVER put a will in the box. It is sealed when the person dies and you
can not get to it for a while. There has to be an officer of the court
(referred to as the tax man eairly) present to list the contents of the
box.


Your attorney should have a copy of your will, unless you were too cheap
to
pay an attorney a couple hundred bucks to draw up your will.


Yeah Joe- that way he can charge your heirs a percentage to probate it
when you cease to be.
--
Mr.E

Mine said she'll hand it over to whoever I specify and they can take it
anywhere they want to finish things off when I'm gone.

What's the alternative? Your family finds your will, wherever you keep it,
and they duke it out over the details? Have you ever been involved in a
scenario like that? It's really ugly sometimes. If often doesn't matter what
the will says. Families will STILL find ways to turn it into a cluster
fucque.

"Kurt Ullman" wrote in message
...

Also they are fire resistant, not fireproof. During my time doing
fire investigations (albeit in the late 70s/early 80s) there were a few
times where we opened up a rather pristine looking safe to find ash
because the fire was hot enough and long enough to heat the inside of
the safe too much.

Good point, if you're going to get a fire safe it should be a good one as a
cheap one is false economy, like a discount parachute with a pretty good
chance of opening.... The cheap ones sold everywhere are also not very
burglar resistant, I saw video of one being popped open like a sardine can.
If the contents are worth protecting then spend the money for a good safe,
not an insulated sheet-metal box.

On 3/2/2011 8:45 AM, Kurt Ullman wrote:
In articlenoWdnYmDwMzLJ_DQnZ2dnUVZ_hSdnZ2d@giganews. com,
"Ed wrote:

"hr(bob) wrote

What about a fireproof safe in your own home?

Great for some stuff, not as good for others. I have a box at home with
passports, papers that may be needed occasionally, etc. But, the entire box
can be stolen so it is less secure than a bank vault. Not a good place if
you have say, five pounds of gold to hide. Assess your needs and decide.



Also they are fire resistant, not fireproof. During my time doing
fire investigations (albeit in the late 70s/early 80s) there were a few
times where we opened up a rather pristine looking safe to find ash
because the fire was hot enough and long enough to heat the inside of
the safe too much.


Agree, but often it is hard to convince someone to shop on value not
price. A cheap safe is one step above a cardboard box.