Arizona Document Organizer and Retention

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State:
Multi-State
Control #:
US-1139BG
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Word; 
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Description

Many financial experts recommend that you keep your personal documents in a safe deposit box and a home file. As a general rule, keep any item in your safe deposit box if: (1) it must be used to prove ownership in case of an insurance loss; (2) it must be used to claim a future benefit, such as a pension; (3) it is small and valuable and you do not use it often; or (4) it is difficult to replace and you do not use it often. Be sure to check with your bank about any state laws which may limit access to your safe deposit box. For example, some states, for estate tax purposes, seal the box after the owner's death. Under what conditions can your heirs open your box? How long must they wait? Do you have a co-owner or co-signer for your safe deposit box?
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FAQ

A document retention policy establishes and describes how a company expects its employees to manage company information (whether in electronic files, emails, hard copies, or other formats) from creation through destruction, according to applicable laws and the company's particular legal and business needs.

Arizona Adult patients 6 years after the last date of services from the provider. 6 years after the last date of services from the provider, or until patient reaches the age of 21 whichever is longer.

HOW LONG DOES MY PROVIDER HAVE TO KEEP MY MEDICAL RECORD? Generally, Arizona law requires health care providers to keep the medical records of adult patients for at least 6 years after the last date the patient received medical care from that provider.

Document retention is a system that allows you and your employees to automatically create policies and determine what should be done with particular documents or records at a certain point of time.

Document retention guidelines typically require businesses to store records for one, three or seven years. In some cases, you will need to keep the records forever. If you're unsure what to keep and what to shred, your accountant, lawyer and state record-keeping agency may provide guidance.

In the ACT, NSW and VIC, there is legislation outlining the minimum period of time which medical records should be kept: for an adult seven years from the date of the last health service. for a child until the age of 25 years.

A document retention policy identifies confidential information and categorizes it by how and where documents are stored (electronically or in paper) and the required retention period based on federal, state, and other regulatory requirements.

Deceased patients' records are destroyed after 8 years unless the patient is a child, and then the records will be retained until the date when the child would have reached the age of 25.

A DRP will identify documents that need to be maintained, contain guidelines for how long certain documents should be kept, and save your company valuable computer and physical storage space.

A records retention program will identify documents and business records that need to be maintained and contain guidelines for how long certain documents should be kept and how they should be destroyed.

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Arizona Document Organizer and Retention