Family Papers: Birth, marriage, and death certificates, school transfers, divorce and settlement papers, military discharge, adoption papers, school transcripts, and diplomas, etc...
Holding Period: Indefinitely
Health Records: Copies of forms showing immunizations, hospital stays, operations, medical conditions, medications, allergies and advanced directive.
Holding Period: Indefinitely. Update as necessary.
Tax Records: Records and supporting documents.
Holding Period: Five to seven years. (Check with your accountant).
Property Records: Title insurance policy records, escrow and mortgages, deeds, loan agreements, photos and ID numbers of valuables, etc.
Holding Period: Duration of property ownership, plus several years with proof of loan payments.
Estate Materials: Wills, trusts and burial instructions. Power of Attorney and Advanced Directive.
Holding Period: Indefinitely.
Home Improvement Records: Contracts, receipts, records of costs, etc.
Holding Period: Until home is sold and tax liability settled.
Bank and Savings Account Records: Registers, cancelled checks, receipts, etc.
Holding Period: CD's until maturity, others until tax matters are settled.
Credit Account Records: List of credit cards with contact telephone numbers, records of payment, etc.
Holding Period: Until account balance is $0, or until after tax deductions settled.
Investment Records: Cancelled checks, securities, buy and sell orders, statements and contracts for retirement plans.
Holding Period: Three years past sale for taxes, indefinitely for retirement.
Master Lists of Assets and Liabilities: Record of financial accounts, property owned, insurance coverage, taxes, etc.
Holding Period: Update annually.
Government Documents: Passport, Social Security card, etc.
Holding Period: Indefinitely.
Warranties: Contracts and proof of purchases.
Holding Period: As long as you own the item.
Insurance Records: Policies and household inventory, including photos and appraisals of valuables.
Holding Period: Four years after expiration of policy. Update inventory annually.
Tim Brodowski, MBA, CNE, GRI, BPOR, CIEA, MilResSpec
Call/Text 858-354-2354
Email TimBro97@aol.com
www.TimBroHomes.US
BRE #01224576
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