How can I change the order (sequence) in which assets are listed?
You can change the sequence in which assets and debts are listed. If there is more than one item in an asset group, then, next to the name of the group, you will see a button, as illustrated below: Click that button, and a dialog box will pop up that allows you to change the […]
How do I enter a business buyout note?
Here are the steps to take to enter a business buyout, where assets or income of the business itself are being used to buy out a party: 1. On the “more info” screen for the business, scroll down to the section on business buy-out. There are two yes/no questions. The first question asks if there […]
How can I change the state or start a file in a different state?
Here are the steps to work on a file in a different state. You may be in New York and have a situation where the action is occurring in Connecticut, for example. Here are the steps to switch the state of action (which is used for the child support calculation) to Connecticut. 1. Open a […]
How do I enter spousal support (alimony, spousal maintenance) of the current relationship?
On the screen where you enter child support information, scroll to the bottom of the screen, and look for a section labeled “Spousal Support to Use in …” or “Alimony to use in…” The exact wording will vary from state to state, but you will find the section there. If you are in a state […]
How do I enter payroll deductions that are not explicitly listed?
One approach is to enter them all under Dental Insurance, with a footnote explaining that the number includes the other payroll deductions. Another approach is to enter them as write-in items where you enter living expenses. When you do, you can specify the tax category as either “FSA, Flex, Caf, etc.” or “Payroll Dedn – […]
What is a property settlement, and how do I enter it?
A property settlement is an arrangement under which one spouse will pay another a fixed amount in the years immediately after the divorce. This is typically done because there are not enough liquid assets to equalize the property division in the year of the divorce. Property settlements do NOT appear on the state’s financial form. […]
How do I enter separate property?
On the “more info” screen for the asset, you will see a section for entering separate property. You will be able to specify that the asset is entirely separate property of one party or the other, or partially separate, as shown below.
How do I enter IRA and 401(k) contributions?
Enter IRA and 401(k) contributions on the more info screen for the IRA/401k asset. (In the Cloud, click the green 3-dots button.)
How can I enter an expense that ends at a future date, such as child care, or when children leave the home, or expenses for a home that is being sold?
There are expenses that you know will end at a time in the future. These include childcare, and also expenses that will end when a child leaves the home or becomes emancipated. Go to the line where you enter the expense, and click more info (the green 3-dots button in the Cloud software). On the […]
What do you think about the prohibition against “double dipping?”
“Double dipping” is the notion that one should not use the same asset both for property division and for child and spousal support. Most typically this concept arises in situations where one party wants to use the income from the same asset for both property division and alimony/support. This usually comes up in the context […]