LiraDocs FamilyPro Features Overview
LiraDocs offers a comprehensive set of tools to streamline the financial analysis and court form generation for family law cases. These tools, including Balance Sheet Intake, Interactive Balance Sheet, and Statewide Financial Court Forms, help improve efficiency and accuracy in property division and financial document preparation.
1. Balance Sheet Intake
LiraDocs FamilyPro includes a detailed Balance Sheet Intake form that gathers essential financial details about the marital estate, such as:
- Assets
- Debts
- Basic financial information related to the marital estate
The form is designed to be completed by the client, allowing them to provide accurate information at their own pace. This reduces the need for manual data entry while ensuring the financial details are accurate. Your firm can track the client’s progress in real-time by accessing the FamilyPro tab in the LiraDocs matter.
Data collected will automatically populate in the Interactive Balance Sheet and Statewide Financial Court Forms, avoiding redundancy in data entry.
2. Interactive Balance Sheet
The Interactive Balance Sheet is an auto-calculating tool that allows you to model different property distribution scenarios. You can use it to:
- Propose property division options
- Determine the division of marital and separate assets, liabilities, and more
The balance sheet is categorized as follows:
- Marital Assets & Liabilities
- Separate Assets & Liabilities
- Outcome (summary of property division, % and amount each party receives)
- Financial Resources (future assets not part of the marital estate)
- Disposed Assets (assets not part of the marital estate, including cash payments for asset dissipation)
- Children’s Accounts (not part of the marital estate)
Key Features:
- Propose Property Distribution: Use a slider to move assets or liabilities between parties or leave it in the middle to indicate sale.
- Advanced Options: Calculate percentage splits for the marital estate, propose cash payments for dissipation, and manage versions of the balance sheet.
- Download: You can download the balance sheet as a Word document or Proposal table, saved to the LiraDocs matter.
3. Statewide Financial Court Forms
LiraDocs FamilyPro simplifies the preparation of the Illinois Financial Affidavit and other financial court forms. The system auto-populates these forms with the data collected from the client, saving significant time in drafting and review.
The Illinois Financial Affidavit is pre-filled with the client’s financial data from the Balance Sheet Intake and Interactive Balance Sheet, and only requires final review or additional information from the client. The smart form provides instructions and tips to ensure accuracy.
Actions Available in the PDF Viewer:
- Download PDFs: Download the Illinois Financial Affidavit or auto-generated attachments.
- Add an Image: Insert a signature image or any other relevant image.
- Add Text or Draw: Annotate or sign the document directly in the PDF.
You can open the smart form and PDF viewer side by side for easier editing, ensuring all updates stay in LiraDocs for future document generations.
Client Collaboration and Tracking Progress
- Invite Clients: Invite your client to fill out the Balance Sheet Intake and other forms directly from LiraDocs. Clients can complete forms at their own pace and submit them for review.
- Track Progress: You can track the completion progress in real-time via the FamilyPro tab in the LiraDocs matter.
- Customizable Access: If necessary, restrict client access to specific features.