Short Answer 
Lifting a litigation hold requires understanding the importance of a records inventory to ensure all documents are accounted for and compliance is maintained. It involves consulting both the agency records schedule, which specifies how long records should be retained, and the general records schedule, which offers guidance on federal record retention practices.
Step 1: Understand the Importance of a Records Inventory
A records inventory is crucial when lifting a litigation hold. It is a comprehensive list of all records affected by the litigation. This inventory ensures that every document is accounted for, allowing for a smooth transition back to normal retention schedules. It minimizes the risk of losing important data or failing to comply with legal requirements.
Step 2: Consult the Agency Records Schedule
The agency records schedule outlines the retention periods for specific types of records within a government agency. After a litigation hold is lifted, this schedule informs you of how long each record should be kept. Understanding this schedule helps determine the appropriate actions needed for the records and ensures compliance with agency regulations.
Step 3: Utilize the General Records Schedule
The general records schedule provides guidance for federal agencies on record retention periods. Use this schedule to assess the retention duration for various types of records once the litigation hold is lifted. This helps to standardize practices across agencies and ensures that records are maintained in accordance with federal guidelines.