After drafting your estate planning documents, you need to store them safely. A location that does not pose difficulties when you want to go through or update your documents. So, where should you keep your documents?
Here are some options to consider:
A home safe
Keeping your documents in a safe at home allows you to access them anytime. A fireproof and waterproof safe is essential to guarantee their safety in emergencies. If you have a fireproof and waterproof file cabinet, you can also use it to store your documents.
Safe deposit box at a bank
Storing your estate planning documents in a safe deposit box offers additional security against theft, fire, water and other elements. However, this may not be the most accessible option, seeing that you can only access your documents during the bank’s business hours.
Besides, you need to name your executor as your deputy so they can access the contents of the safe deposit box. If you fail to give access to anyone else, the bank will freeze the box after your death. Your executor may need to go to court to get an order that authorizes access.
Attorney’s office
Another location to store your estate planning documents is at your attorney’s office. Typically, attorneys have secure storage facilities for clients’ documents. You can access your documents upon request during your attorney’s business hours. Ensure your executor has your attorney’s information.
Local probate court
Texas allows residents to file their wills with the county clerk of the probate court for safekeeping. You will need to find another storage option for the other documents.
It’s important to be intentional about how you store your estate planning documents. Learn more to make informed decisions about every matter related to your estate plan.