Divorce software can be of enormous benefit to the law office. Divorce settlement software that can assist you with the tax implications of divorce settlements and agreements can provide a huge cost and time saving benefit to the busy attorney.

Divorce Settlement Software

When choosing divorce settlement software there are a number of key features that you need to look our for such as

• Does it cover the state that you are practicing in. Clearly it is of no value if the divorce software package only works for the divorce laws of one or two states;
• Can it assist with minimizing the tax obligations of both parties, or at least the tax obligations of your client;
• Can it provide accurate predictions and forecasts with different alimony payment situations;
• Does it allow for the different treatment by the IRS of child support and alimony from a tax perspective;
• Can it compute the value of pension plans from data entered such as monthly payment, age, retirement age, interest rates, cost of living changes;
• Can it give you a value now for an alimony buyout, that is  a lump sum payment if an agreement can be arrived at in this regard;
• Will it assist in the distribution of joint assets and liabilities between the divorcing parties;
• Will it provide for changes in state’s tax rates;
• Does it provide all the necessary reports for production for your client and for court;
• Can it compute the various scenarios such as lump sum alimony payments or monthly payments?

When choosing any law office software you need to ensure that the company that is supplying you is sound and is there for the long haul as there will be a certain amount of hand holding and training for your divorce settlement software in the early stages of use.

A free trial and support, either in person or over the phone, are huge comforts when you are buying divorce software and the constant updating and improvement of the software should also be something to look for. It is particularly important with any law office software that any legislative changes or tax changes are updated and incorporated into your product without any significant hassle.

It is important also to decide at the outset precisely what you need from your divorce software-Standard Legal for example, who are major providers of law office software, sell a product which allows you to draft your own divorce papers and all of the necessary forms for court etc. but if you are concerned more with the financial aspect of divorce settlements then you should have a look at a product like Divorce Financials Software from a company called EasySoft who are a leading supplier of law office software.