Q: Hey Les I Just have a few questions before I proceed that I’m a little concerned about. Does anything I acquire after becoming a secure party have to be added on to the security agreement at a later time? If I have family property and investments that will come to me at a later time that is shared with siblings and parents, does this also need to be mentioned in the security agreement?

A: The way I set it up I am able to enter in the information submitted on the form but the bulk of the information will be entered by you after the fact. In the ucc1 filing reference will be made to the security agreement by its ID#. which means that you can update and change it anytime without having to update the UCCI the PPSA or the copyright-notice. It becomes part of your private papers only to be shown to others if you ever should need to validate that you have a claim against the straw-man.