PETITION FOR AUTHORITY TO OPEN SAFE DEPOSIT BOX 2025

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Your rental agreement specifies who has access to the box. Anyone else, such as the agent under your power of attorney, will require a court order to gain access. Your power of attorney is only valid during your lifetime.
Typically, banks use control systems to ensure that only authorized persons have access to safe deposit boxes. The goal is to allow only the safe deposit box renter to have access to and the ability to remove items from the box.
The IRS has the authority to seize the contents of a safety deposit box if there is a valid reason, such as suspected tax evasion or illegal activities. However, the IRS cannot access your safety deposit box without proper legal procedures, such as obtaining a court order.
To access a safety deposit box, individuals must have a unique key or a combination of keys. One key is held by the box holder, and another is held by the bank or financial institution housing your deposit box; however, the contents of your box will always remain confidential.
When you open a safe deposit box, the bank will keep a second key, called the guard key, in case an authorized employee needs to access the box. The bank should open the box without you only if its required by a court order or a search warrant, if you stop paying your safe deposit box rent, or if the branch closes.
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Accessing the Safe Deposit Box Most banks require specific language in the power of attorney that authorizes access to the box. Before going to the bank, check the document to ensure it includes a provision allowing access. If it doesnt, the bank may deny entry.
Many large banks are scaling back or even eliminating the service, citing high maintenance costs and reduced demand. Some banks no longer allow customers to rent new safe deposit boxes, while others have stopped offering boxes altogether.

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