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How to protect against ID theft

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in Small Business Tax

Q. I’m the executor of my recently deceased husband’s estate. What should I be doing to protect against identity theft? M.G., Houston

A. This is a growing problem for families of decedents. For starters, inform all creditors of your husband’s death. Then, access your husband’s credit reports from the three major services (Equifax, Experian and TransUnion) to ensure that the death has been reported properly. Finally, shred all documentation that you no longer need, including cancelled checks and old pay stubs.

Tip: Keep tax-return information, including W-2 and 1099 forms, for a minimum of three years. Some tax experts recommend that, to be on the safe side, you should hold those records for up to 10 years.

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