Stephens & Margolin LLP strives to use technology in assisting clients in the collaborative process. The firm uses Family Law Software to model family budgets and asset division as part of collaborative divorce cases. Family Law Software was developed by the same people who created the tax program Tax Cut. The software is constantly updated to provide for all changes in the tax code.
The program allows us to send an email to clients so that they can input their asset, debt and expense information and then email the data back to us. We also ask the other spouse in the case to do the same. If we are using a financial specialist as part of the collaborative team, the financial specialist will meet with both spouses in order to help them with entering the information.
The software creates easy to understand graphs and tables that detail the family’s current financial situation, the way that the division of assets will look, and how the asset division and support agreement will look many years down the road. By using this information, we can help to provide a lasting agreement resulting in financial self-sufficiency for both spouses and for the family far after the divorce is completed.