I am often asked how long a person should keep their legal documents. The answer is: Permanently! There is no time limit for saving your original estate planning documents.
Unlike tax records, which some experts say you should save for 7 years, your estate planning documents should be kept indefinitely. You can (and should) scan and save copies of your legal documents onto a flash drive. You should always keep your original Will, Living Trust, Powers of Attorney, Deed, etc., in a safe deposit box, lock box or other safe location until your documents are needed, or until you revoke and replace them with new documents.
Don’t have a Will or any estate planning documents? Then you need to call me immediately!