Earlier quoted context omitted.
Something to be aware of regarding safe deposit boxes: possession of the key does not automatically grant access to the box. The bank I use maintains a list of people I allow to access my box along with their physical signature. When I needed to access my box, I had to sign in with a pen, on paper and show my ID. They compared that signature with the one I gave when I first obtained the box. I was granted access if t…
To add to this: if someone is not on that access list but is instead listed in a will, my understanding is that the will has to go through probate before access to the box is granted. It's quite likely that people would want/need access to passwords before that.
I am not saying we do this right. I certain have to "sharpen the pencil right" but the point is this should not be an afterthought.