How many years back do you keep client paperwork?

Jan 14, 2019

  1. WinoBlues
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    WinoBlues Guru

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    I keep them about 7ish years. We have a file cabinet in the garage. Alphabetical tabs, newest lapse / claims go to the back. Every 6 months or so we pull the front ones that are past that time frame put them in bins, Take them to ARC, pay $5. per bin then go for beers. The system has worked pretty well.

    As to making room? A four drawer file cabinet is cheap and only takes up a couple sq'. Am I going to scan 4 plus cabinets? Nope.
     
  2. andrew412724
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    andrew412724 New Member

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    scan and put on usb or computer and have a digital copy just in case then call shredit to pick up and destroy the paper file
     
  3. Glen Shelton
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    Glen Shelton Guru

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    The laws might vary from state to state on this but it was my understanding that you had to keep the original app on file for a minimum of 7 years ...

    Obviously with e-apps it becomes a nonissue but for folks doing everything on paper - I would check what the rules/regulations are in your state
     
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