6 Ways to Keep Your Important Documents Safe

6 Ways to Keep Your Important Documents Safe

Could you locate your important documents quickly if you needed to? Would your loved ones know where to find them? A recent study found 30% of respondents were unable to confirm their dependents would know where to easily access or find important and legal documents.

In addition to providing peace of mind for you and your family, there are many benefits to storing important documents in a designated secure location. You eliminate clutter, enable easier sharing, and perhaps most importantly, avoid the frantic search and wasted time looking for that “important piece of paper.”

While it can seem daunting to organize and communicate this crucial information, the tips below can help you easily and conveniently store, access and share these items — and eliminate a great deal of anxiety.

1: Know which documents to store. These may include:

  • Titles and Deeds
  • Wills, Power of Attorney and Trusts
  • Legal documents
  • Birth certificates and Social Security cards
  • Marriage, divorce and other certificates
  • Bonds and other banking items

2: Make a digital copy of your paper documents

Store digital copies in a secure, electronic repository that is easily accessible. If your paper documents are ever lost or stolen, you’ll have a permanent visual record.

3: Keep digital documents in one secure, centralized location

It’s easy to locate important papers at a moment’s notice when you designate one location for them. While this may sound simple, many people don’t practice this easy organization tip. When you know where to look, you save time, gain peace of mind and prepare for the unexpected.

4: Organize related information in clearly labeled digital folders

Organize related information and documents into clearly labeled folders, such as Life Insurance, Wills and Trusts and other relevant categories.

5: Communicate with the people you trust

Make sure your loved ones and trusted advisors know where to find your important documents.

6: Make sure key people can access the documents

And make sure they have clear instructions on how to do so. This will help ensure the information your family needs is secure and accessible in the event of a health emergency or death.

Housing your important documents in a secure location is an important step in the financial planning and management process.

To learn more about ways to keep your important documents secure, contact a Fifth Third Bank advisor.

The information contained herein is for information purposes only, is not designed to address your financial situation or particular needs and does not constitute the rendering of tax or legal advice. You should consult with your tax advisor or attorney for advice pertinent to your personal situation. Asset Allocation, Alternative Investment and Hedging/Diversification strategies are intended to mitigate the overall risk within your portfolio. Some strategies may be subject to a higher degree of market risk than others. An investor should understand the costs, cash flows and risks inherent in a strategy prior to making any investment decision. There are no guarantees that any strategy presented will perform as intended. Fifth Third Private Bank is a division of Fifth Third Bank offering banking, investment and insurance products and services. Fifth Third Bancorp provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and registered investment advisor. Registration does not imply a certain level of skill or training.

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