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If you have estate or gift tax records, Gallegos says, you should keep them forever. Documents to keep until a new one arrives. ... Other documents you can safely shred when you get a new one ...
Once you've reviewed the statements and addressed any inaccuracies, you can shred them when the year-end statement arrives. Certain papers should be kept for life, including divorce and estate ...
Even if you’ve opted to go paperless for most bills, you probably still get important mail related to your finances -- but how do you know which to shred?
In general, you should always shred anything that has your name or identifying details on it. A small home shredder should be adequate for discarding old insurance documents.
Document destruction companies have rarely used burning in disposing of documents, mainly opting to shred material before disposal. However, due to the possibility that shredded material can be reconstructed, and recent increases in identity theft and corporate espionage, some services have started to offer destruction by burning instead of disposal into landfills.
A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other). Retention periods vary with ...
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