Clearwater, FL asked in Estate Planning for Florida

Q: My father has several safety deposits that I am a co-signer on. If he passes is the stuff in the safe deposit taxable?

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2 Lawyer Answers
  • Deltona, FL
  • Licenced in Florida

A: It depends upon many facts not given. Probably not.

  • Estate Planning Lawyer
  • Jacksonville, FL
  • Licenced in Florida

A: There are several issues that need to be examined to give you an answer: what his estate is worth, the type of assets that are in the box, and if you inherit them testamentary (after his death), the sate he lives in, the state you live in,

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