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Software to Take the Guesswork Out of Financial Planning for Divorce |
Software Which Informs Users When a Settlement Is Not Tax Smart
HELP IS HERE
FinPlan Divorce Planner has been providing family
lawyers, financial professionals and mediators with understandable, client
oriented reports on the financial impact of divorce for more than 18 years.
By looking at results for both parties simultaneously, you can accurately
evaluate divorce settlements in minutes. This powerful tool has been favorably
reviewed in 20 accounting and legal journals.
Online Help
See the power behind FinPlan Divorce Planner by reading the Online Help.
Cite As
The official citation style for citing FinPlan is: FinPlan Divorce Planner for {State} (Thomson Reuters, version 20XX.X) (Software). Replace {State} with the state for which the software is being cited. Replace the X's with the version number. The version number can be found in the Help/About screen on the software.
Why FinPlan
Divorce Planner goes beyond simply
calculating child support and taxes and translating results into
understandable after-tax cash reports. It shows when your proposed
support settlement does not make tax sense. You instantly see who should
claim the kids for taxes and when alimony should not be used. FinPlan is
the only divorce calculation software to make it easy to not only see
accurate numbers but to quickly refine the settlement to minimize taxes
and maximize after-tax cash.
EASY TO USE
You enter income items and tax variables.
FinPlan Divorce Planner®:
- Calculates federal, state and FICA
taxes for both parties
for 3 years
- Prepares understandable cash flow reports which highlight
alimony/child support assumptions and the resulting cash available to
meet living expenses
- Generates accurate tax calculations (including automatic
Alternative Minimum Tax) to support after-tax cash figures for use by clients,
attorneys and Courts
AVAILABLE STATES*
GUIDELINE STATES |
NONGUIDELINE STATES*** |
REGIONALS |
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New York Regional |
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(includes: NY**, CT, MA, NJ, PA |
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Connecticut Regional |
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(includes: CT**, NY, MA, NJ) |
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Maryland Regional |
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Louisiana (incl: IL & MO) |
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DE, DC) |
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Virginia Regional |
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* To view sample reports click on the state link
above.
** These states include guideline support. Other states in
the Regional set include only the appropriate tax
calculations for the bordering
states.
*** These states have child support
guidelines, but the Divorce Planner software does not
compute the guidelines. Users will need to insert this figure
in the field provided and then begin number crunching the tax
consequences. |
UNIQUE FEATURES
- Analyze support options on single computer
screen - Change alimony and instantly see revised after-tax cash for both parties - Assess different support alternatives in minutes - Instantly see when alimony should not be used (loss of tax credits can result in higher overall taxes with alimony).
- Save 6 different support alternatives side-by-side
in a Summary Report - Show Court why settlement makes sense.
- Guideline child support is automatically
calculated for 16 States
(CO, CT, FL, GA, IL, KY, MA, MD, MN, MS, NY, OH, OR, PA, VA, WI).
- Assess alimony alternatives in a side-by-side comparative report.
- Instantly see taxes saved from child
dependency exemption and under age 17 child tax
credit.
- Quickly determine taxes for divorcing this
year or next and how to save taxes in year of divorce.
- Graphs compare after-tax cash to budgets.
- Output reports can be exported to MS
Word.
- National program - Calculates state income tax - Easy to use point & click menus.
- On-screen HELP provides instant answers
to divorce tax questions.
- Free telephone training offered - sit at your own PC in the comfort of your office to learn how to use this software.
- Includes Divorce Math Calculations
which values pensions, estimates retirement income from a lump sum divorce
settlement and uses present value features to evaluate equivalent monthly
alimony or nontaxable payments from a lump sum property settlement
Available for Windows 2000 SP4/XP/Vista.
To ORDER, please contact your Rep or call 1-800-344-5009 / 1-800-762-5272
Westlaw/Practitioner |
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