I've mentioned this in a few other posts:
- Dumb and Dumber - Commingling mistake, columns are cheap, don't commingle. Offered assistance, lawyer was too proud to accept it.
- There's Big Bucks in Checking Your Lawyers Work - Cutting opposition fees charged to you, caring vs. carelessness, tax deductible by calling it alimony, misuse of Excel, saved $40,000 in one month by checking lawyers work.
- Lawyers can’t do math - Math done in text footnotes, careless errors, dated spreadsheet shows it was held back to cause delays.
So what should you do that your lawyer won't?
- Design the spreadsheet
- Let the spreadsheet do all the calculations
- Use control and named cells
- Use variables rather than hard coded constants (eg split = 50%)
- Use extra (hidden) columns (or rows) to audit or calculate intermediate results
- Use the scenario manager rather than multiple duplicate sheets
- Use data validation and conditional cell formatting
- Use Audit Trace feature to validate correctness
- Don't commingle unlike funds (liquid/illiquid, different tax consequences, pensions, owed vs. controlled)
- Save each version
You should consider outsourcing financial issues to a CPA trained in divorce issues, they are better trained in math.
And what should your lawyer be doing?
- All of the above !!!
- Learn how to use their computer efficiently.
- Don't keep reinventing the wheel, use templates.
- Realize that legal advice is only half their job, producing usable d0cuments and accurate property settlements is equally important and requires proper computer skills.
- If they can't or won't do it, then delegate it to competent support staff or outsource it to a divorce trained CPA.
Status: Second Draft - Last Updated 12/13/08 6:30 PM
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