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Did You Know...
Family Law Software can calculate child support guideline amounts in 21 states.
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Question: How should I enter vehicle (car, truck) expenses in the software?
There are a number of ways to enter vehicles into the software, depending on the situation.
Personal Items. Most people will want to enter the current market value of the car, or an average value, as a Personal Item.
On the debt side, you have a choice of entering the car loan as either Debt, or as Living Expenses, or as a combination, depending on which method best reflects the situation.
Debt. Entering the car loan as a debt accurately reflects the payments on the current car. If a party were, because of changed circumstances, going to rely on public transportation in the future, then this would definitely be the way to go. Or, if you were submitting financial reports for the court that you wanted to match the Affidavits, you would enter the loan information as a debt. Or...