A safety deposit box is a secure storage container that is usually held in a bank or private secure facility. The purpose of a safety deposit box is to provide individuals or organizations with a secure and convenient place to store valuable items such as jewellery, watches, crypto wallets, gold coins and other important documents, or items of monetary or sentimental value.
 
Safety deposit boxes typically come in various sizes and are usually accessed only by the person or persons who have rented the box. Access is granted through the use of a key and your unique biometrics. The contents of the box are protected by various security measures, including vault doors, alarms, seismic detection, offsite surveillance cameras and fireproofing. Safety deposit boxes are generally considered the safest and most secure way to store valuable items, as they are typically only accessible by the renter and are protected by the security measures of the facility in which they are housed. Some facilities provide insurance for the items kept in the Vault.
 
Renting a safety deposit box can be a useful tool for estate planning purposes. By storing important documents, such as a will, power of attorney, or living trust, in a safety deposit box, you can ensure that they will be protected and easily accessible in the event of your death or incapacity. Additionally, you can store other valuable items, such title deeds, vehicle ownership documents in a safety deposit box to keep them safe and secure for future generations.

It's important to keep in mind that the contents of a safety deposit box are not automatically transferred to your heirs when you die. Instead,

you'll need to provide clear instructions in your will or other estate planning documents about who should have access to the box and what should be done with its contents. You should also consider naming a trusted individual as the authorized signer on your safety deposit box to ensure that someone has the ability to access the contents in case of your death or incapacity.

Overall, using a safety deposit box as part of your estate planning strategy can provide peace of mind and ensure that your valuable items and important documents are protected and accessible when they're needed. However, it's important to consult with a lawyer or financial advisor to make sure that your specific estate planning needs are being met.