Most people buy a new jewelry box and then try to organize their jewelry into it. This is the wrong approach. Instead you should sort your jewelry first, so you’ll know whether you need more necklace drawers or ring slots, more small compartments or large ones.
Just as some judgment creditors are not aware that the contents of a debtor’s Safe deposit box for sale can be levied, many judgment debtors think that the contents of their SDB at their bank is protected from creditor levies. Judgment debtors may think they can hide some assets in a SDB, and no one will ever know. They might keep a wide variety of assets such as cash, collectibles, documents about notes receivable, jewelry, etc. That misunderstanding by judgment debtors, can be good news for judgment creditors. Those valuables can be subject to a creditor’s bank levy execution.
Vienna and Zurich airports are also convenient national airline hubs. You can conveniently pass through these countries when travelling between other cities. Just arrange a stop over long enough to visit your stash; putting in or taking out what you need. For a safety deposit box locale you don’t need to seek out a tax haven. Any peaceful, stable country where property rights are respected is just fine.
When the bank’s levy department responds with its “Memorandum of Garnishee”, it will indicate the presence of any SDBs held in the name of your judgment debtor. At that time, the Sheriff will send you a letter and give you (e.g.) five days to let them know you want the box(es) opened by drilling. If you do, you will have to pay the Sheriff some money (e.g., $150 per visit) and usually, the bank more money (e.g., $300 per box) to drill the box(es).
In order to prevent yourself from suffering such losses, it is important for you to install a fireproof wall safe at home. In common, there are various types of wall safes. They are different in terms of sizes, designs, functions, locking systems, etc. Most safes are designed to fit between the standard stud spacing of 16 inches on centers. There are some with 14 inches opening. If you just need the safe to keep all the important papers, and jewelries, a smaller safe will be sufficient for you. However, if you are a gun owner and you need to store your firearms, may be you need a bigger space.
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.
In case you are wondering, I am taking my own advice, for I do not want my remaining daughter or grandchildren to have the same financial nightmare. Doing your financial homework is a gift to those you love.