Fun Paper Organizing Stories!

Wondering if you should bother organizing your paperwork? Here are a few true stories…and some tips to keep this from happening to you.
Getting organized could save your house
I was sorting through a (huge) pile of unopened mail on a client’s kitchen counter and found a notice of a lien on their property due to unpaid real estate taxes. The real estate tax bills were also in the unopened pile of mail. Tip: Open your mail.
Found money
I found a check for $13,600 in a box of unopened mail that had been shoved in my client’s basement. I showed it to him and he told me he had been waiting for that check for over a year, had accused the sender of never sending it, and was in the process of taking legal action over it. Tip: Deal with paperwork as it comes in. It can save you time, money, and embarrassment.
1951 was a good year…
So good, that in 2007, I came across a client’s tax returns from that year, and every year in between. You wouldn’t believe how simple the form was back then…and all done in pencil. Tip: You only need to keep personal tax records for seven years.
The desk drawer
In 1994 my uncle took over my grandfather’s company. On his first day there he sat down at my grandfather’s desk and opened the top, right drawer to find invoices dated 1955. Tip: Purge regularly (definitely more often than once every 50 years).