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Tag Archives: divorce settlement software
Family law is one of those legal specialties fraught with emotion. To the client, this is about as personal as it gets and the attorney needs to find ways to help while still making smart business decisions. Divorce settlement software helps attorneys keep the relationship business like.
In 2010 New York became a no-fault divorce, turning the process into a mere financial transaction. Stories of abuse, infidelity and who left the cap off the toothpaste have no bearing on the decisions in the case, yet attorneys know if they are not careful, then they will be listening to every petty problem that existed in the relationship. Attorneys must keep the relationship professional finding that sweet spot between appearing cold and aloof, and becoming the client’s new BFF.
SupportNYLite keeps the client focused on financial rather than emotional matters. Rather than collecting information from the client in person, which is an inefficient use of the attorney’s time especially when every figure on the sheet comes with a ten-minute story, the attorney gives the client a Word document to be filled out at leisure. The attorney imports the form into the NY family law software quickly and efficiently.
Family law attorneys need to eat just like everyone else. However their clients are facing the loss of half their assets and often going from a two-income to a one-income family, so are dealing with their own financial problems. Attorneys who run efficient practices can keep their fees low, while handling enough clients to keep their income high.
Divorce is handled more efficiently using New York matrimonial law net worth software to automate and simplify the process of completing the NY Statement of Net Worth and calculating spousal and child support scenarios. Software allows attorneys to give each case the attention it needs using a fraction of the time manual methods would entail.
Supplement your family law software with time and billing software for lawyers to keep an eye on retainer balances, outstanding invoices and client account balances. You don’t have to be an accountant to use these tools and keep your practices solvent.
Divorcing couples are often surprised to find out that their assets are not simply divided down the middle. Most states require that martial assets be divided equitably not necessarily equally, a distinction that can complicate divorce proceedings. Each spouse has a different idea of what “equitable” means and that is why attorneys use divorce settlement software to create multiple divorce scenarios. Several issues complicate property division.
What’s Mine Is Yours…Except When It’s Not – Most assets obtained during the divorce are considered jointly owned. However gifts given to one spouse might be considered that spouse’s individual property and not subject to property settlement. Unfortunately the situation is not always clear. For example if a spouse receives an inheritance that would normally be separate property, but if that inheritance is deposited in a joint account it may be considered a joint asset.
I Love Our Dog More Than You Do – Family pets are often fought over as much as the children are. For an average mutt this is merely an emotional issue, but a purebred animal might also have a significant monetary value. Even if the dog is considered the family pet, if one spouse shouldered the burden of responsibility for the animal’s care that spouse might be considered to own more than half of the animal.
You Cheated! – Spouses are often surprised to find adultery, abuse or other behaviors don’t affect division of assets. However there is one kind of cheating that will be a factor and that is financial fraud. If a spouse’s actions affected the family’s finances the court might award the other spouse a larger percentage of the estate.
We could go on but you get the idea. Family assets are more than just numbers to be entered into family law software, totaled and divided by two. The more complex the situation, the more difficult it is to get a resolution. It’s generally the best for all parties if some agreement can be reached without having to resort to a judge’s order that is likely to leave both spouses feeling cheated.
Divorce software for attorneys allows lawyers to present multiple scenarios to the opposing party. By putting a personal value on certain assets and by working with their clients to decide what can be sacrificed and what must be saved, they can boil the complex property division into several offers.
Family law offices that use settlement statement software are able to reach settlements more quickly, and find solutions that are fairer to their clients. Download a demo of our law firm software to see all the features we provide to the modern family law practice.
Property division in a divorce is difficult even under the best circumstances but is often complicated by the raw emotions brought out by dissolving a long-term relationship. Family law attorneys use divorce software to create an objective division of assets but often it’s not that simple.
One of the big questions is: who gets the house? When one spouse gets primary custody of the children, that parent usually gets the house as well but what if there are no kids or the custody is split 50/50? The house is not simply an asset with a price tag. It is a home, a place to live, a source of good and bad memories and so much more. Yet the attorneys have to objectively price the property in the divorce settlement agreement and compensate the other spouse with assets of equal value. Sometimes a spouse is even willing to give up more than the house is worth because of the sentimental attachment.
Another big sticking point in divorces is retirement. If one spouse worked and contributed to a 401(k) account, does that spouse get the full asset? A court might rule that the income was for the family rather than the individual so the retirement might be declared a joint asset. That could leave the working spouse, especially if nearing retirement age, without enough money to stop working. Family law attorneys need divorce settlement software capable of presenting various scenarios evaluating the house, retirement and other assets so they can quickly find the solution that satisfies both parties.
Today’s attorneys need even more flexibility than before. If they are tied to family law software installed back at the office then they aren’t in a position to negotiate on the fly. They can’t evaluate complex settlements including multiple assets when an offer is made, and can’t seize on opportunities that might arise during divorce negotiations.
Cloud versions of Easy Soft’s family law attorney practice management software can be used anywhere the lawyer can get internet access. The attorney has full access to a client’s files and can generate settlement offers at a moment’s notice. This provides a big edge during negotiations.
Find out more about how Easy Soft products automate your practice and give you the opportunity to practice law without the limitations of other software tools.
As a family law attorney you specialize in the law and not in computer technology. You may have heard about this “cloud” thing but dismissed it as something you don’t need. You may think it’s not necessary to have the latest technology in law practice management software just to represent someone in a divorce case…but you’d be wrong. A divorce is a negotiation and the stronger your position, the better the resolution you can get for your client.
First let’s start with a simple explanation of the cloud. Have you ever gone to a meeting or a court case and realized you left critical documents back at your office? This is every attorney’s nightmare. With cloud-based divorce software you have full access to all client information no matter where you are. The internet is your filing cabinet and you can easily and securely read and write information from your office, a courtroom, the judge’s chambers, a coffee shop or anywhere else.
This flexibility can be critical during a divorce property settlement negotiation. You come to the table with an offer and the opposing attorney makes a counter offer. Without full access to the client’s case you aren’t in a good position to evaluate that offer. You have to go back to your office to crunch some numbers and that gives everyone time to change their minds.
With cloud-based divorce settlement software you can judge the offer immediately and make your own adjustment to the proposal. Now the other attorney is the one at the disadvantage, struggling to assess the situation and make a decision.
Again let us emphasize that this incredibly flexible access to sensitive client information is done without risk. Easy Soft’s attorney practice management software uses the latest digital security technology to ensure your information is kept safe from unauthorized access or data corruption. You look at your documents through an encrypted connection using the same technology major banks and credit cards use.
Information is power in a negotiation, and the best information access you can get is through cloud based software. Contact Easy Soft to find out how our products allow you to provide the best legal service possible to your clients.
Every family law attorney has an individual way of doing things. You have your own preferences regarding where you meet with clients, how you gather information and even the way you manage your divorce settlement statement software. To support the myriad ways attorneys do business we offer three versions of our divorce settlement software.
The Desktop Version – This is Divorce Financials offered in the traditional way. You download the software and install it to your computer. Larger firms can buy additional licenses to allow multiple attorneys to handle divorce settlements simultaneously. You can get either a one-year or a permanent license. This can be a good option for firms that have the IT personnel to handle their own installation, software updates and backups.
The Cloud Version – All of our attorney software titles are available in cloud versions as well. Rather than installing the software to your computer, you access our professionally-managed servers. This is a more flexible option than the desktop version because it allows you to use the software from any computer without needing to install it on each machine. You are not limited by operating system and can use the cloud version of Divorce Financials from Windows, Mac or even iPad and other tablet computers. Don’t worry about the technical side of things because our team of IT professionals keeps the cloud version fully updated and automatically backs up your data. Use the software securely anywhere you have an internet connection even if you are working from home, a coffee shop or a client’s home. Many firms find the cloud version more affordable than the desktop version since you pay only a small monthly subscription fee.
The Mobile Version – mEasySoft is divorce software for attorneys on the go. We offer versions for the iPhone, iPad, Blackberry or any Android device. The mobile application is a great supplement to either the desktop or cloud versions of the software, allowing you to quickly calculate alimony buyout, determine child support or complete other calculations no matter where you are. Even better is that mEasySoft is completely free!
The modern family law attorney has to be more mobile and flexible than in the past and EasySoft offers you the tools you need to handle today’s cases. Contact us at 800-905-7638 if you need help deciding which version is best for your practice.
OK, let’s be honest–it’s not that unusual when going through a divorce to wish something bad happens to your ex. Of course in practical reality, what happens to the divorce financial settlement if the payor dies? The obligation dies with the spouse and that can leave the recipient in a financial bind.
But wait, many people say, we had life insurance when we were marred. That doesn’t mean you still do. The ex may have let the premiums lapse, or may have changed the policy to name a new significant other as the beneficiary. The time to find out is not after the ex has died.
Arguably it would be possible to word the divorce settlement agreement to require a life insurance policy on the part of the payor to protect alimony and child support payments but that can also be a bone of contention to the ex who already may object to impending monthly payments. Adding another expense could stall negotiations and drag out the divorce.
A better option might be for the recipient to take out a life insurance policy on the payor. Yes it may feel a bit strange to have a life insurance policy on your ex, but you have the advantages of knowing what the policy covers, ensuring the premiums are paid, and naming yourself as the beneficiary.
Death is not the only problem. A serious disability could prevent the ex from working and a court might decide to void the divorce settlement in light of the payor’s new financial state. The recipient should also consider taking out a long-term disability policy to cover this eventuality as well.
How large a policy should be taken out? Family law attorneys can use divorce settlement software to calculate how much an alimony or child support agreement is worth in a lump sum. Recipients can shop for policies that cover this amount and decide for themselves if the cost is worth the peace of mind that comes from financial security. A large policy can be an unnecessary monthly expense while a small policy won’t provide the money needed should the ex-spouse die or become disabled.
Family law attorneys use legal practice management software to automate and simplify the divorce negotiation process, but it’s not all just numbers on the spreadsheet. Contact Easy Soft to find out additional creative ways our software tools protect attorneys and clients from unforeseen events.