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Marital settlement agreements found online often mislead users about listing assets and debts. For example, a client's agreement stated that both parties acknowledged their division of assets without specifically naming them. This is problematic in California, as it requires a detailed inventory of assets and debts to be specified by name, including the last four digits of account numbers for items like 401ks and pensions. Failing to detail these in the settlement agreement may result in the judgment not being approved. Therefore, it's essential to avoid generic boilerplate language and ensure all assets and debts are explicitly listed in the agreement.
