Below are the features, bug fixes and enhancements released in the last month for Family Law Software.
For all Subscribers
- Multiple income sources for a single investment asset. Previously, if you had a brokerage account that reported interest, dividend, and capital gain income, you had to enter that as three separate accounts, and it was difficult to know the asset amount that should be apportioned to each account. In this release, it is now possible to enter interest, dividend, and capital gain income for a single account. This is a significant improvement.
- Standardize calculation of income after-tax. The Budget Report, Support Impact Report and Expanded Report all have calculations of “income after tax.” Previously, however, for historical reasons, the calculation for the Budget Report was not always in sync with the calculation for the other reports. It is now the case that a single definition of “income after tax” is used for all reports.
- Customize definition of income after tax. Previously, the definition of “income after tax” was hard-coded to be income minus taxes, mandatory retirement payments, and union dues. Some people wanted to include items such as health insurance and child-care costs in the calculation. Other people wanted to exclude items such as union dues. Now, you can customize the definition of “income after tax” for each case.
- New stock option/RSU report. We are gratified by the positive reception from many of our subscribers to the ability to enter restricted stock units (RSUs) and stock options, and the ability to calculate the marital portion. This release adds to that the ability to show stock options and RSUs on a separate standalone report. This is on the More Reports page in the Financial Planner report list.
- New logo. We have incorporated a new logo in the software. We hope you like it!
State-specific
The following items are specific to the states listed below.
California
- Pass through entity tax. We have incorporated California’s pass-through entity tax into our California tax calculation, so that it is reflected in guideline income.New Judicial Council form. We have added the POS-050/EFS-050 to our list of Judicial Council forms.
- Form updated. We have updated the Riverside Form
- RI-A836B to the most recent version.
Colorado
- Update to JDF-1104. We have updated Colorado Form JDF 1104 to the 10/24/2023 release version (the most recent version).
Florida
- New “Totals” note field. On the Income & Expenses data entry screen, we have added a “Note” field to the Totals group. Now, if you would like to include on the Affidavit a note that pertains to the Income and Expenses as a whole, and not to a specific item, you can now do that.
Massachusetts
- Health insurance data carry. We fixed an issue where the health insurance provider entered for Party A was carrying to Party B’s Financial Statement. That is no longer happening.
Minnesota
- We have incorporated into the software the recently-released updated Minnesota Child Care Assistance Program Copayment schedules.
New Jersey
- We have updated the New Jersey Confidential Litigant Information Sheet to the November 2024 version.