FamilyProperty’s Joint balance sheet is an innovative feature that's been designed to slash the lengthy process of agreeing on the property pool. It enables both parties to collaborate on the same interactive balance sheet, saving time and allowing parties to move forward with negotiations faster.
You’ve been invited to use FamilyProperty’s interactive Joint Balance sheet by a lawyer representing the other party. Continue reading to understand the benefits of using this feature as well as step-by-step instructions for adding your information.
Why should you use the Joint Balance Sheet?
- Save time collaborating on the same balance sheet without the need to save and send multiple balance sheets back and forth. It’s live and interactive via a unique link.
- It’s free to use and there is no need to set-up a login
- Easily review existing items in the balance sheet, review their values and enter your own
- Add new items to be included in the property pool
- Conveniently review recent activity or make further edits or comments at any time
- Download a Joint Balance Sheet document in Word to use for Court or save as a record.
To get started on the Joint Balance Sheet, follow these simple instructions:
Step 1 Click on the link contained in the email from the lawyer representing the other party.
Step 2 Fill out your details
- Indicate whether you are a lawyer or acting for yourself
- Fill out the form including your name, email and read and accept the terms and conditions
Step 3 Review, add and edit items in the Balance Sheet:
- Your values are listed first. Click on a value to edit it
- To add a note or dispute ownership, click on the name of the item to open the form when you can change the ownership and/or add a note. Save your changes where the item will now show as ‘ownership disputed’ as well as a note icon visible to the other side for their review.
- Click Add for new assets, liabilities or super funds that you would like added to the property pool and complete the form including description, item type, ownership and value. Click Save
- Total values of Assets, Liabilities and Superannuation as well as the net totals are auto-calculated
Step 4 Once you’re done, download a copy and refer back to the live link at any time to see the other side’s changes or comments.
- Click Documents to download a copy to Word as a record or to use for Court.
- Use the unique link at anytime to review the other side’s changes or to make further additions to your information.
- Click on the arrow icon for a log of recent activity