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Uncategorized
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 with the greater income pays the spouse with the lower income during the time leading up to the final divorce decree and the final, permanent maintenance agreement. The maintenance law itself has received mixed reviews from experts.
On the one hand, family law attorneys agree that it gives less-monied spouses immediate financial relief without weeks or months of wrangling in court. Analysts have noted that low-income couples in particular have benefited from the new law. Domestic violence advocates are pleased that the law makes it easier for abused spouses to get the resources needed to escape an abusive home rather than stay in a bad relationship. The amount awarded is predictable since it is defined by a straightforward equation, making it easier for both spouses to budget their expenses during the divorce process.
However critics point out that the New York spousal maintenance formula considers only income and not expenses. The party who remains in the family house shoulders the full burden of mortgage payments and other expenses without appropriate compensation. Some attorneys feel the law results in lower support for the less-monied spouse than they would have received previously.
As a response to these concerns, the New Yorklegislature asked the Law Review Commission to review the New York state spousal support law and present a report by December 2011. As of this writing that report has still not been completed and the 2012 legislative session is over so there will be no change in the law this year.
Easy Soft has been watching these proceedings with interest. EzSupport-NY, our dedicated New York family law software, already includes a temporary maintenance calculator that automatically determines the appropriate level of spousal maintenance. If the legislature changes the law in the next session, then we will update EzSupport-NY to reflect the updated maintenance formula.
In the meantime, New Yorkattorneys can benefit from our line of family law attorney practice management software to simplify the process of calculating temporary and permanent maintenance, property division and child support payments. Try EzSupport-NY or any of our software free for 30 days.
Top 10 Family Law Practice Features – Training Webinar
Effectively using practice management tools is much more than CIS and support worksheet preparation. In our Free Webinar you will learn 10 advanced features to streamline your family law practice and take it to a higher level.
Features showcased:
1. Electronic Client Data Import
2. Case Management Tools: Discovery Log, Calendar, Notes, etc.
3. Lifestyle Analysis
4. Equitable Distributions
5. Preliminary Notice to Produce
6. Footnotes for Illustrations
7. Child Support Worksheet Alerts
8. Multiple Worksheet Scenarios
9. Split Parenting Worksheets
10. Other Dependent Deductions
Register here.
October 17, 2012 in Uncategorized
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Lien Release Tracking Service: Too Good to be True?
Is our lien release tracking service too good to be true?
Well, no. Easy Soft’s lien release tracking is a fantastic service that many in the title and settlement world have responded to with great enthusiasm. But we thought we’d share some of the questions that we received and clarify those of you who are still skeptics!
Q: Aren’t mortgage lien releases the responsibility of the title company?
A: No. While title companies might be of occasional assistance in tracking releases, they are not typically obligated to do so. The responsibility falls instead on settlement agents like you.
Q: What type of liens do you track?
A: We can track any lien that appears on the title: from mortgages to private liens, tax liens to contractor liens.
Q: When do I place my lien release tracking order?
A: Do so anytime before the payoff, so that the lender can be informed. If you have already made payoffs, you can still place tracking order – up to 45 days from closing.
Q: Who pays the lien release tracking fee?
A: In a real estate sale, you can charge it to the seller. In a refinance, it depends on how the GFE was prepared. If you list the item on your GFE, it is a borrower’s charge. If not, it comes out of your fee.
Q: How do I record my lien release tracking fee on a HUD-1?
A: In a sale, insert it in section 1300 (seller’s column). If listed on a GFE for a refinance, insert it in section 1100.
Q: What about the recording fee?
A: If not collected by the lender as part of a payoff, send that to Easy Soft along with The tracking fee. In either case, we will deliver a recorded mortgage lien release.
Q: What about really old liens which are still uncleared?
A: We have a separate service called “Curative Title Tracking” ($250 fee). You might have completed a settlement which needs to be cleared or you have a deal with old uncleared lien. Either way, we can help.
For more information, call Easy Soft at 800.905.7638.
October 20, 2011 in Post Closing Service, Uncategorized
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Technorati Tagged : lien release tracking, mortgage lien release, mortgage lien releases, release tracking service, title and settlement
Technorati Tagged : lien release tracking, mortgage lien release, mortgage lien releases, release tracking service, title and settlement















