Financial Disclosures: Best Practices for Attorneys and Their Clients
The most common problem in an agreement relates to the financial disclosure of the parties. Clients never quite know how much financial disclosure is required and how to actually disclose their assets. The obvious assets aren't always so easy to identify and clients are more often than not reluctant to disclose everything believing that somehow the other side won't find out.
September 22, 2022 at 01:37 PM
6 minute read
Potential clients often come into the office wondering why the agreement they spent so much time and money on drafting and implementing is causing so many issues. Whether two people signed a premarital agreement or a post-marital agreement the problem always seem to be concerning the same issues relating to financial disclosure. Clients routinely ask what went wrong and how can it be fixed.
The most common problem in an agreement relates to the financial disclosure of the parties. Clients never quite know how much financial disclosure is required and how to actually disclose their assets. The obvious assets aren't always so easy to identify and clients are more often than not reluctant to disclose everything believing that somehow the other side won't find out.
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