What Documents Do I Need To Keep On File?       

In this checklist, we cover a number of documents that you need to consider keeping in case you encounter any number of issues, including:

  • Various tax documents, including past tax returns as well as documents related to specific transactions, such as annual gifts made to children, relatives, or others.
  • Healthcare records, including those relating to Medicare eligibility,  substantiating medical deductions on prior tax returns, and confirming any contributions to, and distributions from, a health savings account (HSA).
  • Various legal documents, including proof of your client’s citizenship or military service, estate planning instruments(e.g. Will, Trust, and Powers of Attorney.), and records surrounding their marriage or their divorce.
  • Documentation regarding certain assets owned and debts incurred by your clients, including statements and disclosures for investment accounts and employer-sponsored retirement accounts, business records (e.g. the company EIN and documents of formation and operation), student loan and mortgage statements, and titles to automobiles and real estate, among others.
  • Other types of documents such as copies of any insurance policies and relevant paperwork, employment contracts, and proof of professional certifications that clients may hold.

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by Advisor Evolved to provide information on a topic that may be of interest. Advisor Evolved is not affiliated with the named representative, broker – dealer, state – or SEC – registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Securities offered through Royal Alliances Associates, Inc. (RAA), member FINRA / SIPC.  Investment advisory services offered through New Century Financial Group, LLC RAA is separately owned and other entities and / or marketing names, products or services referenced here are independent of RAA.

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