One of the most common questions I get is "where should I store my estate planning documents?"
We offer free storage of estate planning documents in a fireproof safe for our clients. If you chose to store your estate planning documents yourself, you need to ensure someone you trust can easily access them.
Storing estate planning documents in a safe deposit box that is not jointly held or that is not known to survivors is a common mistake that we encounter. This scenario causes unnecessary delays in estate administration because most banks will require permission from a probate court to access safe deposit boxes and this can be a lengthy process. If survivors are unable to discover your estate plan there is an additional risk that your estate may be subject to Indiana's Intestacy laws.
If you chose to store your estate planning documents in your home, it is essential to make sure the documents are in a location that your named executors or trustees/successor trustees can access easily.
If you have any questions about storing estate planning documents, please contact us today, as we are glad to help.
