Keep the Home
A few issues relating to the marital home surface repeatedly in divorce negotiations. These include: This calculator addresses the last question, but its findings can affect all of them. The calculator looks not only at the current year, but at several years going forward. It looks only at the first real estate property that is […]
Support Impact
The Support Impact screen is great for helping clients understand key aspects of the situation, including the following: The chart on the screen has four bars. The two bars on the left show gross incomes of each party. The two bars on the right show incomes of each party after child support, spousal support, and […]
Divide Property
This screen is a very useful screen to help you divide the assets between the parties. In community property states, the title of the screen will be “Division of Community Property.” In marital property states, the title of the screen will be “Division of Marital Property.” In all states, this report shows only the marital […]
Property After-Tax
The screen is a very powerful and unique screen that allows you to divide the assets on an after-tax basis. Having said this, it is important to be aware that there are many assumptions and educated guesses that the software is making in doing the calculation. The results are only as good as the assumptions […]
Property Division Scenarios
This screen allows you to create multiple scenarios for property division. You can ask “What If” in two different ways: This can be very useful in exploring alternatives without changing any of the actual numbers. As on the Property Division screen itself, we are dividing only the marital (or community) equity. One way to understand […]
Equalization Payment
This screen shows the overall equalization payment. Unlike the equalization amount on the Property Division screen, it also considers separate property. Note that you can specify any target percent that you wish. This entry is at the top of the screen. The default is 50%, but you can enter any target allocation you wish. This […]
Property Valuations
The purpose of this report is simply to display the parties’ alternate valuations of assets. It is useful if valuations are disputed, to display the proposed valuations of each party in one place. You enter each party’s valuation, and the date that the property was valued. In the right-hand column, you enter the value that […]
Securities Gain
This report is useful in situations in which there are securities with significant untaxed capital gain. Untaxed gain is the amount by which the value of the property exceeds the tax basis. There can also be untaxed loss, if the tax basis exceeds the value of the property. Untaxed gains and untaxed losses can offset […]
Alimony Breakeven
This calculator shows the amount of alimony needed to get the recipient to break-even, after all expenses that have been entered. It is equivalent to using the Meet Recipient Need calculator, opening the calculator that shows Budget After Taxes and Expenses, and setting “0” as the target. Please note that this is different than the […]
General What-If
This is a very useful screen that allows you to ask “what if” about all kinds of things relating to the financial settlement. Things About Which You Can Ask What If To see the things about which you can as What If, click the link labeled “Items About Which to Ask What If.” You will […]