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Divorce Settlement Tips for Successful Divorces

Posted On : Apr-14-2011 | seen (455) times| Article Word Count : 475 |

How to do it? It鈥檚 simple. Divorce Financials Software. This leading family law software doesn鈥檛 make divorce settlements pain-free, but it does facilitate options and planning [url=http://www.lionsfansproshop.com/...Jersey.html?cat=1361]Lions T.J. Hockenson Jersey[/url] , so that you can lessen the sting of hurt feelings with quick, viable solutions.As we mentioned back during Divorce Settlement Tip #1, family law isn't the easiest practice in the world. You've often got sniping parties and clients who often take things personally. Very personally.

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Let's review our tips.

Always start with available cash. You start by figuring out what everyone's net income is鈥攏ot gross income. This way [url=http://www.lionsfansproshop.com/...Jersey.html?cat=1346]Lions Kerryon Johnson Jersey[/url] , you know what you're dealing with.

Always work backwards from need. Similarly, you start with a net 鈥渘eed鈥?figure鈥therwise known as a budget.

Disregard absolute numbers (settlement amounts)鈥攊n favor or 鈥?Net Disposable Income .鈥?You've got to plug in the numbers on the table, so that you know what this leaves your client with at the end of the day鈥攁fter taxes. Only then can your client make a truly informed decision.

Perform Alimony v. Child Support calculation鈥攆or tax purposes. You can't play much with the lowest figure of child support. But what you can do is posit different combinations鈥攖o take the best advantage of what's tax deductible (alimony) and what's not (child support).

Always perform a present value calculation for a Lump-Sum Settlement. The point isn't whether one wants to pay or receive a lump-sum settlement. The point is to consider it as a realistic option鈥攁nd figure out what it's worth in an apples-to-apples comparison.

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Calculate your Alimony Recapture figures. You don't want your client to get a nasty surprise when tax season comes around.

Consider Equitable Distribution. He wants the cars. She wants the house. Good thing we have software that keeps an eye on the bottom line at all times鈥攁nd translates your clients' preferences into hard-and-fast dollars.

For high net worth clients , perform a Lifestyle Analysis . Enough said.

Put it all together - so that you protect yourself, and earn your clients' adoration. And this brings us to today.

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