Changes Effective January 1, 2001 Regardless of the Date of Death of the Decedent
Safe deposit box inventory
Now in effect is the elimination of the requirement that the County Auditor’s Office conduct an inventory of safe deposit boxes upon the death of the owner, co-owner or any other person having access to the box. This includes self-storage boxes currently in use by several financial institutions or any other receptacle that may be deemed a “safe deposit box” under any definition or policy manual. This policy change applies to both resident and non-resident decedents of the State of Ohio. A formal tax release is no longer required to release the contents of a safe deposit box and financial institutions may permit access to all decedent boxes, though our office must still inventory safe deposit boxes as part of the process of establishing a guardianship.
Tax Release Requirements
Applications for consent to transfer property of a resident or non-resident decedent will no longer be required for assets equal to $25,000.00 or less per account. This applies to decedent name only, joint and payable on death counts.