Are All Assets In A Divorce Apples To Apples?

Property division in a divorce is difficult even under the best circumstances but is often complicated by the raw emotions brought out by dissolving a long-term relationship. Family law attorneys use divorce software to create an objective division of assets but often it’s not that simple.

One of the big questions is: who gets the house? When one spouse gets primary custody of the children, that parent usually gets the house as well but what if there are no kids or the custody is split 50/50? The house is not simply an asset with a price tag. It is a home, a place to live, a source of good and bad memories and so much more. Yet the attorneys have to objectively price the property in the divorce settlement agreement and compensate the other spouse with assets of equal value. Sometimes a spouse is even willing to give up more than the house is worth because of the sentimental attachment.

Another big sticking point in divorces is retirement. If one spouse worked and contributed to a 401(k) account, does that spouse get the full asset? A court might rule that the income was for the family rather than the individual so the retirement might be declared a joint asset. That could leave the working spouse, especially if nearing retirement age, without enough money to stop working. Family law attorneys need divorce settlement software capable of presenting various scenarios evaluating the house, retirement and other assets so they can quickly find the solution that satisfies both parties.

Today’s attorneys need even more flexibility than before. If they are tied to family law software installed back at the office then they aren’t in a position to negotiate on the fly. They can’t evaluate complex settlements including multiple assets when an offer is made, and can’t seize on opportunities that might arise during divorce negotiations.

Find out more about how Easysoft Legal Software products automate your practice and give you the opportunity to practice law without the limitations of other software tools.

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