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Lee Phillips discusses where to store important legal documents, debunking the idea of safe deposit boxes. He points out that family members may not know about such boxes or how to access them after one’s death. Instead, he suggests that legal documents like living revocable trusts and wills should be managed differently. As a lawyer, Phillips keeps original signed documents in his file, advising clients to store them in personal file cabinets for easy access. He notes that many legal documents are actively used, such as deeds, which are already filed with official offices, reducing the need for personal storage.