[WSBAPT] Retaining estate documents

[Randolph Petgrave]

Thanks to everyone who gave input both on and offline.  Much appreciated and very helpful!

Sent from my iPhone

On Jul 29, 2017, at 12:38 PM, Jay DeMers <jay.demerslawfirm at gmail.com<mailto:jay.demerslawfirm at gmail.com>> wrote:

Hello Randy,

Here are the guidelines I always followed:

1) Was a 706 required with the State of WA or the IRS? If so, keep it for 7 to 10 years.
2) Assuming that the Inventory and Appraisement was not filed with the Court, keep it and how your client arrived at all of the values for 7 to 10 years.
3) Assuming everything else was filed with the Court, then there is no need to keep those documents.
4) I am not recommending that  you destroy your own file on this for 7 to 10 years, to protect yourself and to possibly provide something that might be needed in the future if your client dies and her documents are not available.

Best,
Jay



On Thu, Jul 27, 2017 at 2:14 PM, Randolph Petgrave <RandGrave at msn.com<mailto:RandGrave at msn.com>> wrote:
I am just looking for a consensus or conventional wisdom on this.

My client was PR of an estate that closed about six months ago.  She is seeking guidance as to how long she should keep the documents she has pertaining to the decedent, the estate and its assets, and the probate.

As I say, the probate closed six months ago and she was discharged.  Everything seemed to go smoothly.

What do all of you generally tell your clients in this regard?

Thanks in advance for the input.

Randy
Petgrave & Petgrave, PLLC
Attorneys at Law
1001 Fourth Ave, Suite 3200
Mailing: P.O. Box 4142
Seattle, WA 98194-0142

Direct:   (206) 240-9148<tel:(206)%20240-9148>
Fax:        (206) 232-4483<tel:(206)%20232-4483>


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