Financial Disclosure in New York Prenups

Disclosure is more than a list of bank accounts

A useful disclosure process considers real estate, businesses, investment and retirement accounts, trusts, equity compensation, debts, contingent interests, and other material financial rights or obligations.

The legal standard is state specific

New York does not simply import the UPAA disclosure formula used in states such as Florida or Texas. Disclosure and fairness should be evaluated under New York law and the circumstances of the agreement.

Good records reduce ambiguity

Schedules, statements, valuations, and supporting documents can help identify what was disclosed and reduce later factual disputes.

Complex wealth deserves extra care

Closely held companies, trusts, family entities, carried interests, private investments, and compensation packages may require more than a simple account balance.