Divorce Software For Precision Calculations

Marriage is purportedly forever but in today's circumstances where even the slightest issues can become grounds for divorce

. Divorce settlements then become bitter issues in a tightly contested legal battle. If lawyers do not use the right divorce software to calculate precise divorce financial settlement statements and file suits accordingly, their client could be put to a loss.

A divorce is not as simple as marriage. There is the child support to consider, division of assets, both cash and non-moveable and the spouse support payments with tax implications considered. Influencing this are state laws and federal laws that have to be factored in while preparing the divorce settlement . A lawyer can do it the hard way manually or he can have a divorce settlement software carry out all calculations, with emphasis on the local state laws factored in. This divorce financial settlement statement can be prepared very precisely and accurately with the help of the divorce settlement software that can, among other things:

Calculate spousal support payment on the basis of the custodial parent's requirement after tax;

Generate a lifestyle analysis statement establishing the party's payment capabilities on the basis of credit card or bank transactions;

Compile and assemble list of assets and liabilities and prepare various distribution scenarios;

Factor in cash adjustments;

Create customized reports and charts in respect of client, opponent and judge and save them all in PDF, excel or word format;

Prepare a defined benefit plan that acts for the purpose of valuation in a proposed buy out option;

Tax calculations for all states in the US

Combine payor and recipient amounts for alimony and child support with various scenarios.

These are all complex calculations involved in divorce settlements made precise and easy by the divorce settlement software. A lawyer simply opens up the window, selects the options from the drop down menus, inputs figures that clients provide and output the divorce settlement statements. It cuts time, botheration and labor involved in calculations through computerization that offers instant figures with variations reflected across the divorce statement by changing parameters. The learning curve is short; it has an intuitive and easy to use interface.

While it has undoubtedly helped divorce lawyers compute and prepare various divorce financial settlements, one great use is in attracting new clients. A new prospective client considering divorce can simply supply the figures and the divorce lawyer can give him all possible implications from the financial angle, in a matter of minutes. This impresses the client to be and most probably, he hires the lawyer on the spot.

he greatest benefit, besides freeing a lawyer from all the cumbersome tasks, is that lawyers have more time and can expand and increase their business. The small amount they spend on the divorce settlement software is easily recouped through future earnings.

by: Rick Kabra

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