What about safe deposit boxes? Is there a better option than to rent one in your own name?
Posted on Jun 19, 2017 3:25am PDT
Creditors sometimes check the ownership and contents of safe deposit boxes.
If your box contains anything worthwhile, don’t keep the safe deposit
box in your own name. It’s best to rent it instead through a corporation
or LLC. For more privacy, one shouldn’t be the officer or manager
of the entity. Nominee firms are available for this purpose. Also don’t
hold the key to the safe deposit box as creditors invariably ask about this.