Billing Software Security Tips

Some of the most sensitive information an attorney handles is in the practice’s billing software. Although Easy TimeBill has built-in security features, users can make the legal billing and accounting software more secure. Remember that any security chain is only as strong as its weakest link, so follow all of…

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Avoid The Taxman–Don’t File 1099-S If You Don’t Have To

Nobody likes the enormous stack of paperwork that goes along with a real estate transaction. Wouldn’t it be great if you could avoid filling out a document and save money on top if it? Well in some cases you can. Part of the HUD 1 closing process is IRS form…

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Self-Employment Complicates Spousal Maintenance Calculation

As of 2010, calculating temporary maintenance New York divorces is a simple matter of plugging each spouse’s income into two formulas and taking the lower result. The formulas are designed to take bias out of the New York spousal maintenance formula but they also prevent judges from overruling the formulas…

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Divorce Settlement On The Go: CIS NJ For Your Mobile Device

When you are discussing a divorce settlement with your client, an opposing attorney or the judge you can’t say, “Sorry, I’ll have to go back to my office before I can give you some numbers.” You need quick answers about child support. You can run Case Information Statement software on…

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Why Divorced People In New York State Don’t Pay Alimony

Would it surprise you to learn that couples who have divorced in New York over the last thirty years don’t pay alimony? Well it probably surprises those couples too, since it’s still common for one spouse to send monthly payments to the other. Technically New York State spousal support is…

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Maintain Practice Security With User Permissions

If you have multiple users accessing Easy TimeBill, then you probably don’t want everyone to be able to do everything. You don’t want to give any one user more authority than necessary because that weakens the overall security of any legal billing and accounting software. You wouldn’t give every person…

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How Can I Reduce Child Support Payments?

Under New Jersey law, it is possible to modify a child support agreement if one party has suffered a “change in circumstances.” The filer submits a modified Case Information Statement and the court will decide if the support amount should be changed. Note that this works both ways. If a…

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Trust Accounting For Paralegals

Paralegals are vital components of any medium to large law office. They have the knowhow to take on some of an attorney’s more routine duties at a much lower cost to the practice and the client. However attorneys need to judge whether a task is appropriate to a paralegal’s ability…

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The Double Dip: Great For Ice Cream, Bad For Potato Chips And Alimony

New Jersey alimony laws are written to be fair to both parties. Support formulas count assets and income in a comprehensive and unbiased manner and avoid counting any asset multiple times. When the recipient is reimbursed twice for something as part of an alimony agreement, this is called “double dipping”.…

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Understanding The HUD-1 Form, Part 2

In our first entry in this series we look at the header, sections A through I. Now let’s move on to sections J and K on the HUD settlement statement form, which break down the borrower’s and seller’s transactions respectively. We are going to talk about these sections together because…

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The Tax Implications Of Spousal Maintenance Buyout

Many divorcing couples in New York look for alternatives to a traditional spousal maintenance agreement. A common option is the buyout: the payor gives the payee an immediate lump sum that represents the current value of all future support payments. While this is often of benefit to both parties, everyone…

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Alimony Buyout: When You Need The Money Now

Alimony, or “maintenance” as it’s called in New York State, is traditionally in the form of monthly payments. However many couples choose to negotiate a lump-sum buyout instead. The payor gives the payee a single large disbursement instead of monthly payments over the next several years. Although the total amount…

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If You Thought Child Support Ended At 18, Think Again!

Divorcing couples often assume that any child support obligations end once the child turns 18 but that’s not necessarily true.New Jersey law doesn’t automatically emancipate according to age. Rather the law considers when a child is no longer financially dependent on the parents. To a divorced couple this means that…

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Computing For Lawyers: Desktop Or Laptop?

You can’t run a law practice without a computer, but what kind of computer do you need? You can look at the system specs of attorney time and billing software but there is more to a system than the speed of the processor. One basic question is whether it is…

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Less Is More–But Sometimes More Is More Too

Government forms are designed to accommodate the most common situations and serve the needs of the greatest number of applicants but sometimes they fall short. Real estate professionals may find that the basic HUD forms don’t always cover more complicated transactions. RESPA rules address this issue by allowing filers to…

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Keeping Secrets: Maintaining Confidential Case Notes

State forms used in divorce cases may look like just lists of numbers but there is a lot of additional information behind those dry statistics. New Jersey family law attorneys often keep internal notes when completing a Case Information Statement that are intended for the eyes of the practice only…

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How To Find The Right Trust Accounting System For Your Practice

Managing trust funds for multiple matters in a single bank account is a common practice in the legal industry but attorneys must be very careful not to let the funds intermingle. Each matter has to be scrupulously maintained as a separate entity and never “borrow” money from other matters in…

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Alimony Isn’t Forever–It Just Feels That Way

When two spouses have significantly different salaries and financial resources it is common for the more-monied spouse to make monthly payments to the less-monied spouse. In a New York state uncontested divorce these payments are called “spousal maintenance” rather than “alimony” but to the divorcing couple it amounts to the…

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Alimony From Beyond The Grave: The Relationship Between Pension Survivor Benefits And Divorce

Most couples think that once an agreement is reached the divorce decree is final there will be no future complications regarding property settlement but that’s not always true. If one of the parties dies and has a pension, the ex-spouse might be entitled to compensation as part of the pension’s…

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The Most Important Tool For New Real Estate Agents

Real estate can be a lucrative career. It is a particularly attractive pursuit for people trying to balance career and family since the job typically allows more flexibility than a traditional job. However as new agents quickly discover, real estate transactions are a bit more complicated than buying a cup…

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Is New York’s Temporary Maintenance Law Going To Change?

It’s been a bit over two years since New Yorkpassed the Temporary Maintenance Law designed to award alimony payments during divorce proceedings. This law, passed at the same time as the New York state uncontested divorce law, provides a simple calculation that determines how much maintenance, if any, a spouse…

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How To Account For Unusual Income In New Jersey Divorces

The laws governing spousal maintenance and child support are written around the idea of steady income. This is fine as long as the spouses have typical 9 to 5, Monday through Friday positions but a growing number of people work nontraditional careers or earn sporadic income through investments or other…

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