How Long Should I Save Bills, Receipts, and Other Papers?
Getting a handle on your aging loved one’s bills, receipts and other papers is important for caregivers. It is especially key if you think you may need to apply for financial help. But what should you hold onto and for how long?
Certain documents like state and federal income tax returns should be kept for seven years. Others like Property records forever. Assets (think car title) should only be kept for the life of the asset. For a complete list of what to hold onto and some strategies for deciding what to do with paper versus electronic files, read the article: How Long Should I Save Bills, Receipts, and Other Papers?