You conduct a variety of business transactions, many of which require supportive records. Birth certificates, proof of ownership, location of property, income tax returns, savings and investment records, insurance policies, guarantees, and warranties are probably among your important papers. These are but a few of the important records needed to operate your home in a business-like way.
Some records should be kept in home files; others should be kept in a safer place such as a home safe, safe deposit box (available at a bank or credit union) or a lawyer’s office. Where you keep your papers will depend partly on how often you use them. Some records are needed frequently; others are needed only at special times. Family members should know whom to contact for financial advice in case of an emergency. A trusted lawyer, banker, or insurance agent who is familiar with your finances can be helpful in case of a death or other emergency.
To help you organize your important papers, print a copy and review the sections of the forms in this interactive lesson. Your personal information can be entered into the Record of Important Papers interactive form (available in rtf format) and saved on your computer hard drive.
