Keep in mind that income can be more than just your salary. There are generally two types of income: earned and unearned.
Earned income is what you receive as compensation for services (think: salary, bonuses, commissions, etc.).
Unearned income is also sometimes referred to as "passive income" and may include dividends from investments, capital gains from the sale of investments, income from trusts, government benefits, and other similar sources.
How to update financial disclosure if you don't have attorneys:
Step 1: Navigate to the "Financial Disclosure" section from the left-hand side menu
Step 2: Select the plus sign next to the income section to add income for the appropriate year. You can update your income in the Financial Disclosure Section in the HelloPrenup platform.
Step 3: You do not need to regenerate your document, as it updates in real time. However, if you have not generated the agreement yet at this point, you DO need to regenerate (or generate the agreement for the first time). Warning: When working with an attorney, regenerating the document will erase any significant edits previously saved and approved by the attorney. To maintain these edits, coordinate changes directly with your attorney using the platform.
How to update your financial disclosure schedule if you hired attorneys
OPTION A: Update through the Financial Disclosure Section
Step 1: Navigate to the "Financial Disclosure" section from the left-hand side menu
Step 2: Select the plus sign next to the income section to add income for the appropriate year. You can update your income in the Financial Disclosure Section in the HelloPrenup platform.
Step 3: You do not need to regenerate your document, as it updates in real time. However, if you have not generated the agreement yet at this point, you DO need to regenerate (or generate the agreement for the first time). Warning: Be cautious when regenerating your document if attorneys are involved, as it may erase approved edits. Always consult with your attorney before making regeneration changes.
OPTION B: Update through the Editor
Step 1: Navigate to the Editor by going to your dashboard and clicking on "Go to the editor."
Step 2: Click on the financial disclosure tab at the top to edit directly into your financial schedule.
Step 3: That's it! You do not need to regenerate your document. Just communicate to your attorney through the Editor what updates you have made, if necessary.
Managing Updates and Attorney Review
When working with an attorney for legal review of your prenuptial agreement, it’s essential to coordinate updates properly to avoid overwriting critical edits. Here’s what you need to know:
Updating Questionnaires: If either partner makes changes to their questionnaire, the prenuptial agreement must be regenerated to reflect these updates. However, any significant edits previously saved and approved by an attorney will be erased if the document is regenerated.
Incorporating New Changes Without Erasing Attorney Edits: To maintain compliance with attorney-reviewed content:
If changes to the prenup are necessary after your attorney’s review, those updates must be incorporated directly using the document editor by the attorney.
Encourage your partner to obtain legal representation through HelloPrenup, allowing their attorney to apply changes directly within the platform. This ensures the integrity of legally critical revisions and the prenup’s finalized state remains intact.
Tracking Progress on Your Prenup
To ensure that all steps needed to complete your prenuptial agreement are met, follow this simple process:
Log in to your HelloPrenup account.
Use the Dashboard Status Bar: Navigate to the dashboard on your account. On this page, you’ll find a status bar that indicates what steps remain to finalize your prenup and a step by step guide on what to do next. The status bar is also accessible on your partner’s account dashboard for their view of progress. This feature allows you and your partner to collaboratively monitor the completion of required actions and steps.
All content provided in this article is for informational purposes only. HelloPrenup, Inc. (“HelloPrenup”) makes no representations as to the accuracy or completeness of any information on this site. HelloPrenup will not be liable for any errors or omissions in this information nor for the availability of this information. These terms and conditions of use are subject to change at any time and without notice. HelloPrenup provides a platform for contract related self-help. The information provided by HelloPrenup along with the content on our website related to legal matters (“Information”) is provided for your private use and does not constitute legal advice. We do not review any information you provide us for legal accuracy or sufficiency, draw legal conclusions, provide opinions about your selection of forms, or apply the law to the facts of your situation. If you need legal advice for a specific problem, you should consult with a licensed attorney. Neither HelloPrenup nor any information provided by Hello Prenup is a substitute for legal advice from a qualified attorney licensed to practice in an appropriate jurisdiction.