When my daughter was suddenly killed in a car crash I was overcome with grief. She was 45 years old, finally at a secure place in life, excited about her children and her job. My father-in-law died on the same weekend and, though we expected his death, it was still a shock. I am co-executor of my daughter’s estate.
A safety deposit box is also recommended by many experts for estate planning purposes. To pass the contents of a Safe deposit box for sale to your heirs without any formalities, all that is necessary is that another person have access and a key. This is accomplished by having the inheritor be a signer on the box. If you don’t want them to have access during your lifetime, you keep the key and arrange for it to be delivered to them in a sealed envelope with instructions, upon your death or disablement.
If you don’t want the worries that may come with storing the gold an EFT or Exchange Traded funds may be the way to go. EFTs are the mutual funds in gold investing. They are simple. You buy the weight in gold you want and the EFT company holds the gold in your name. EFT companies will charge you a fee to hold the gold, but you will not have to worry about storage.
This is a very specialized area. People who are serious about coins live and breathe them. There is no logic, it is completely about special cases. One year can be worth 1000 times another one, and the only way to know is to know. Catalog prices are at best a general guide, but not very useful. Unless you want to become serious about this market and learning about it (10-20 hours a week for a year might get you started, for 20 years is better), my advice is to stay away as an investment.
First and foremost, DON’T FOLLOW THE INSTRUCTIONS IN THE EMAIL! If you think there might be a problem, access the account in question as you normally do on your PC and not with the link supplied in the phony email.
In the very latest high-tech safe deposit boxes, there is no key. These safe-deposit boxes can be opened only with fingerprint scans. Another solution is to use boxes in places where they have combination locks. Experienced safe-crackers are good at opening combo-locks. They are less secure than complex keys – in our experience. We are likewise not keen on secret memorized numbers. Why? Because we have more than once forgotten an important combination or password.
The scam begins with a con man posing as a broker. He convinces the asset owners to issue a SKR and give him the power of attorney. He may also suggest that the owner get another safe keeping receipt on the original receipt. This does absolutely nothing but give the asset owner a false sense of security. The “broker” now has complete access to the asset, whatever it is. The theory is that he is to only access it for investment purposes, but as he is dishonest, this is likely not the case. To avoid a situation like this, check out a new broker thoroughly using every resource available. For more information on investing in investment opportunities usually or normally not found in the marketplace, click here!