How do I enter a Section 2640 reimbursement?
Here is how to enter a Section 2640 Reimbursement for separate property due to a party. Let’s say that Party A is the party to whom the reimbursement is due. 1. Go to the “more info” screen for the real estate property. 2. Scroll down to the section for Separate (non-community property), and enter the […]
How can I get assets to show up on the correct place on the FL-142 (Schedule of Assets and Debts)?
At the top of the screen where you enter assets and deaths, be sure that you have specified that you want to enter them for the financial declarations. Then, where you enter investment assets, the Investment type will be keyed to the California declaration.
How can I figure out whether the the parties should complete their divorce in the current year?
Using Family Law Software, you can quickly determine whether the tax consequences are better if they complete the divorce in the current year, versus being married at the end of the year, and by how much. A bit of background: The Filing Status determination depends on the parties’ official marital status on December 31. So […]
When I change numbers on the What If Analysis, the taxes do not seem to be updating.
The way that What If Analysis works is that it temporarily substitutes your "what if" numbers for the "actual" numbers, then runs the calculations, including the tax calculation. If a tax number along the way is overridden, then the overridden value will be used. As a result, the "what if" will use the overridden actual […]
How can I tell which party should claim the exemptions for children?
Click Analysis > What If > More > Best Exemptions. To get a side-by-side analysis, you can go to Analysis > What If > Other What If, and under “Items about which to ask what if,” include Exemptions.
How can I split spousal support savings between the parties?
The first thing to do is to answer the question, “spousal support savings compared to what?” For this example, we will examine how to split the spousal support savings compared to an “all child support” scenario. 1. Using the Analysis > What If > Other What-If screen, you can see the After-Tax Cash of both […]
Why does the bottom line of the Budget Report not match the Spreadsheet for Income After Expenses and Taxes?
The Budget Report in Monthly view can be different than the after-tax net cash flow. This is because the Monthly view attempts to project what monthly payments will be on an ongoing basis, rather than simply showing 1/12 of the annual amount. Differences will arise when there are payments that extend only for part of […]
Can I change the fonts or margins in my document?
Unfortunately, we can not change the fonts or margins in Family Law Software documents. This is because many of our documents require fitting in a specific way on an 8 1/2 x 11″ piece of paper. For consistency, we have written all of our documents using a style to do that. Each document is laid […]
How can I preview how the financial affidavit will look?
In the Enter Data tab, click the link for your state’s financial affidavit. In some states, you will see the financial affidavit. In the other states, you will see a page with links for each page. Click those links. (Note that the financial affidavit goes by different names in different states: Disclosure Statement (California and […]
How can I make a presentation using Family Law Software?
You can follow these steps to prepare an interesting and compelling presentation: 1. Open the Sample Case. We have a sample case in the software. Click Settings > Sample File. Save the file under a different name. (In the Cloud software, go to File Manager, click the 3-dots button for the file, and select the […]