Tuesday, November 20, 2018

Tips for Preparing a Short Form Rule 401 Financial Statement-Frequently Asked Questions

1.  Do both parties need to fill out a financial statement?  Yes. Both parties must fill out the financial statement.  People often ask if they can simply fill out one financial statement if they agree.  The answer is a definitive no.  Whether parties have an agreement or not, they each must fill out the financial statement. The reasons for this are discussed further below.