Clients rarely accept the first division proposal. Every "what if we keep the house" means rebuilding the spreadsheet, rechecking the formulas and re-sending the PDF. It shouldn't take an afternoon.
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Pull every account, debt and income source from the clients, without a dozen follow-up emails.
Mark separate and marital property and keep the reasoning attached to each line.
Pensions, deferred comp, business interests and the tax cost hidden in each asset.
Lay division proposals side by side and show each party what they walk away with.
Whatever tool you choose, these are the capabilities that save the most hours on a typical divorce engagement.
Each asset and debt is a record with owner, class, value date and source document.
Marital fraction calculations you can explain to a judge or a skeptical spouse.
A dollar of retirement money and a dollar of home equity aren't the same dollar.
Spousal and child support estimates that flow from the same income data.
Two households on one family's income. Show whether each budget actually works.
Keep Options A through F without overwriting the one that was nearly agreed.
Publish a proposal to the attorneys and mediator. Keep your drafts to yourself.
Plain-language reports for people who are scared of the numbers.
Every figure traces back to the statement it came from.
Usually a spreadsheet, a financial-planning tool and a document folder. Purpose-built software brings the marital balance sheet, valuation, support and tax modeling, and division proposals into one place.
Usually not. Long-range projection tools still have a role. Divorce-specific software covers what they skip: characterization, tracing, equalization and comparing settlement options.
In collaborative or mediated cases that's often the point. Look for controls that let you publish a proposal to the team while working drafts stay private.
Bring a current case, run your scenarios, and see whether it beats your spreadsheet. The first 90 days are free.
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Divorce Financial Analyst Software