Where should I file the numerous papers related to a lawsuit, claim, or family legal proceeding?*
For any outstanding legal issue, keep all related papers in an Active file until resolved. After legal proceedings conclude, file into a Tax folder evidence of any taxable gains or losses involved, if any, along with related legal correspondence and transpired agreements. If there are any continuing agreements (e.g. custody or alimony), keep these in a Remove/Replace file. Use Permanent files to store all vital records pertaining to tangible property you still own (e.g. titles, deeds, original stock purchase prices, bonds, CDs). For property damage claims, keep all repair records in a Permanent file (e.g. Auto/Home/Rental). For personal injury cases, keep medical treatment records in a Permanent file under Medical.
*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.