What should I do with inheritance papers?*
Until the inheritance has been resolved, keep all documents in an Active file. After assets have been disbursed (probate has ended), file in a Tax folder any records showing income resulting from the inheritance along with related legal correspondence, transpired agreements, and wills that have been executed. Ongoing agreements such as trusts and LLCs should be filed in a Remove/Replace folder. All vital documents pertaining to tangible assets such as titles, deeds, stocks (original purchase prices), bonds, and CDs belong in a Permanent file for resale purposes.
*NOTE: While FreedomFiler® provides a method of automatic purging which eliminates the need
to review files, you must ultimately decide which documents are kept two years, ten years, or indefinitely.
FreedomFiler® is not liable under any circumstances for claims of loss or damage arising from suggested
document retention guidelines. Consult a professional advisor to determine your specific document
retention needs and adapt your system accordingly.