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The clipping this text was read from
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Wills & Trusts — updated wills, trusts, as well as durable powers of attorney;

Children’s Accounts —

any savings and investment accounts started for your children.

Create a separate file for 6ach account or plan so your account history is easily accessible. Label them clearly and consider buying a filing cabinet for storage and easy organization.

How long should you keep these documents? You don’t want to surround yourself with paper clutter so here’s a guideline:

• Monthly account statements: one year. Most financial institutions will issue an annual statement summarizing your account activity. Once that is received and checked for accuracy, you should discard the monthly statements.

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