Friday, 16 December 2011

Divorce Lawyers Leverage Computer Technologies to Get their Clients the Best Deal

Divorces can be complicated, messy and long drawn out bitter proceedings with acrimony over division of assets, child care and support and alimony payments. It needs all a divorce lawyer's finesse to work out the best calculations that will be in the interest of his client. Since there are so many options further complicated by tax angles, such calculations can eat into a lawyer's time and detract from his actual work. A divorce lawyer can be meticulous and consider all the possible contingencies or he can choose just a few and go through in which case his client may fare badly. Now divorce lawyers can leverage technologies to get clients the best deal through computer generated divorce settlements that present a number of “what if” scenarios. What makes divorce settlement software desirable and indispensable is that it integrates various State laws and rulings in respect of divorce proceedings and requirements of filing forms. Arizona has specific laws in this regard just as New York and Pennsylvania have their own regulations. A divorce lawyer has to consider federal laws and also the State laws when handling a divorce case.

All that divorce lawyers used to do manually or with the help of a spreadsheet can be done in a jiffy using the right divorce software. The software computes everything and comes up with answers and calculations in respect of:
  • Temporary or Permanent Alimony payments
  • Tax Implications
  • Tax optimized support payments showing after tax impact of child and spouse support with distribution of assets.
  • Tax optimized Child support
  • Equitable distribution of assets and liabilities with various scenarios, itemizing assets, bank accounts, automobiles and other property as well as pension and retirement plans, current liabilities like loans, etc. in various “what if” scenarios.
Divorce settlement software simply accepts inputs in the form of the prospect's income, his or her spouse's income, net disposable income desired and the ages of the children and outputs all calculations with tax implications relevant to the state where the case will be filed. Software like this helps divorce lawyers present an immediate summarized statement to potential clients and save a lot of cumbersome calculations as well as time and gain clientele. A divorce lawyer using this software can easily save a lot of time and energy, become more productive, get the best ruling for his client and also take on more cases. What lawyers appreciate about divorce software is that in case there is a potential client sitting across him who needs to know the various financial implications, all he has to do is to provide basic inputs. The divorce lawyer enters these in his laptop or desktop and the divorce financial settlement software comes up with detailed worksheets from all angles. A potential client knows immediately what he is in for and is likely to be converted to a client, impressed by the fast working and the various ‘what if' scenarios generated that minimize the burden on him through selection of the right option of divorce settlement .

The right divorce settlement software would naturally incorporate modules with tax codes and rules of all fifty states to arrive at the right divorce settlements for that particular state. With such a powerful and easy to use tool, divorce lawyers gain more clients; process more cases and become more productive, earning back the cost of the software in no time at all.

No comments:

Post a Comment