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“ASK LAURA ABOUT REAL ESTATE”<br />
2<br />
Laura Harbison BROKER/OWNER<br />
B. 0026537.LLC PM.0164922.BKR<br />
Seniors Real Estate Specialist (SRES)<br />
Accredited Buyer Representative (ABR)<br />
Graduate Realtor Institute (GRI)<br />
Equator Platform Platinum Certification<br />
Equator Short Sale Agent Certification<br />
Certified Residential Specialist (CRS)<br />
Advanced Evaluations Certification<br />
At Home With Diversity (AHWD)<br />
Broker Price Opinion Resource (BPOR)<br />
NVS Institute BPO Certification<br />
Five Star BPO Designation<br />
Certified Distressed Property Expert (CDPE)<br />
Resort & Second-Home Property<br />
Specialist (RSPS)<br />
NAWRB Certified Delegate Spokeswoman<br />
Distinguished Real Estate Broker (DRB)<br />
Independently Owned And Operated<br />
Call Laura Today!<br />
(702)777-1234<br />
LauraHarbisonRealEstate.com<br />
Laura@HarbisonRealEstate.com<br />
<strong>May</strong> <strong>2024</strong><br />
8 Important Documents You Should<br />
NEVER Throw Away!<br />
Grab your glasses and always pay attention to what you are throwing in the<br />
trash! It's easy to accidentally toss something important that was mixed in with<br />
unneeded papers. Being patient when you are decluttering is always wise -<br />
separate the good from the bad and try to keep your papers organized so you<br />
always have access to your important documents when you need them in the<br />
future. There may be a time when you need to find those documents quickly,<br />
such as when you apply for a loan, meet with your estate planning attorney, or if<br />
you need to leave your home in a hurry because of an emergency.<br />
1. Personal Papers : Birth certificates, military records, social security cards,<br />
marriage licenses, ID cards, divorce decrees, and your passport would be on this<br />
list.<br />
2. Bank Account Records : Keep these as long as possible! Cancelled checks and<br />
receipts should be kept until you receive and reconcile your statements, and<br />
ones that are proof of big purchases (or are tax related) should be kept long<br />
term.<br />
3. Investment Records : Investment related papers such as trade confirmations or<br />
statements should be kept at least 6 years after investing or longer. They are<br />
also proof of what your cost basis is so that you can keep track of capital gains<br />
and losses.<br />
4. Credit Card Statements and Documents : Keep your receipts to reconcile with<br />
your statement. Keep any receipts for items you might want to return (or might<br />
need for warranty purposes, tax purposes, etc).<br />
5. Loan Records : All loan records should be kept in a safe place. This includes<br />
everything from mortgages to car loans. Retaining proof that you have paid off a<br />
loan can be important even years down the road (as there could be a problem<br />
with the records of the creditor - you will want to keep your proof that you paid<br />
them.)<br />
6. Rental Agreements : Keep your rental agreement for at least 6 years after the<br />
end of the lease.<br />
7. Insurance Policies & Related Documents : Health insurance policies can be<br />
discarded once the coverage ends, but all other insurance documents should be<br />
kept for at least 6 years after the policy is canceled (just in case anything<br />
unexpected comes up.)<br />
8. Tax Returns & Related Documents : Anything related to your tax returns should<br />
be kept for at least 6 years because the IRS can audit you that far back (not just 3<br />
years .. and in some special cases up to 10) - and if you don't have your<br />
supporting documents readily available they will likely charge penalties.<br />
Be careful when you do perge certain documents and properly shred them to<br />
help prevent identity theft. When in doubt, keep a digital copy of the item before<br />
destroying it just in case you end up needing it unexpectedly.
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