What to Keep, Where to Store, When to Shred

Item Store In Shred After Give Copies To
Originals you rarely need      
Adoption papers Bank-safe deposit box Never discard Executor, lawyer
Citizenship papers Bank-safe deposit box Never discard Executor
Divorce decree Bank-safe deposit box Never discard Lawyer
Lawsuits Bank-safe deposit box Never discard Lawyer
Household inventory Bank-safe deposit box Never discard Financial advisor
Photos of possessions Bank-safe deposit box Never discard Financial advisor
Military discharge Bank-safe deposit box Never discard Never discard
Veteran’s papers Bank-safe deposit box Never discard Never discard
Item Store In Shred After Give Copies To
Originals sometimes need      
Birth certificate Fire-burglar resistant safe at home Never discard  
Cemetery deed Fire-burglar resistant safe at home Never discard Heir
Real estate deeds Fire-burglar resistant safe at home 10 years after ppty is sold  
Death certificate Locked filing cabinet Never discard Executor
Diplomas Fire-burglar resistant safe at home Never discard  
Guardianship documents Fire-burglar resistant safe at home Never discard  Executor, guardian
Health records Fire-burglar resistant safe at home Never discard Doctor
Immunization records Fire-burglar resistant safe at home Never discard Doctor
Marriage certificates Fire-burglar resistant safe at home Never discard Executor
Medical directive Fire-burglar resistant safe at home Never discard Doctor, heir
Naturalization certification Fire-burglar resistant safe at home Never discard  
Item Store In Shred After Give Copies To
Tax documents      
Bank statements Locked filing cabinet 7 years  
Cancelled checks Locked filing cabinet 7 years  
Credit card statements Locked filing cabinet 7 years  
Home purchase or improvements papers* Locked filing cabinet 7 years after home sold  
Tax returns & supporting documents Locked filing cabinet 7 years after filing date  
Form 8606 Locked filing cabinet 7 years after IRA is liquidated  

*deeds, surveys, title policies, blueprints, loan papers, receipts, etc.

Item Store In Shred After Give Copies To
Investment documents      
Annuity contracts Locked filing cabinet Annuity paid out Financial advisor
Loan agreements Locked filing cabinet 10 yrs after loan repaid  
Pension plan documents Locked filing cabinet Never discard Financial advisor
Real Estate purchase or improvements Locked filing cabinet 7 yrs after property is sold  
Investment account statements Locked filing cabinet 7 yrs after last investment sold  

This information is courtesy of Idaho Banking Company, Boise Idaho. Thank you Dawn Davis, Park Center Branch Manager!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

Up ↑

%d bloggers like this: