Updated: Sep 24, 2020
Have you tried our neutral balance sheet? It is easy to use, and whether you are a mediator or a lawyer it can really help you to focus the parties on the areas in agreement or the areas in dispute.
It is really simple to launch, you just head to Balance Sheets (once your matter is in dashboard mode) and choose Neutral balance sheet.
Why do I want a neutral balance sheet?
Our neutral balance sheet highlights areas in dispute in red, whether there is a dispute about the value of the asset, who gets the asset, or even the ownership of the asset and whether or not it is in the pool. Let’s take a closer look at the neutral balance sheet for the demo mediation matter that is populated when you signed up to FamilyProperty.
In this neutral balance sheet I changed Flynn's value on the Family home (34 Flint Street at the top of the spreadsheet) so that it was different to Molly's. As you can see the values are coloured red, as well as the sliders.
I changed Flynn's value for the asset simply by clicking on the value and typing in that party's value. When I do this it also changes the details on Flynn's balance sheet.
In relation to the Mitsubishi Outlander (at the bottom of the screenshot), the parties agree on the value for that so the values are in green. Molly thinks she should keep it and Flynn thinks it should be sold and the proceeds split 50/50. For that reason the values are in green but the sliders are in red.
The neutral balance sheet can be a great tool for mediators to try and get the parties to focus on outcomes rather than who did what to who, and it can be a good tool for lawyers to show their clients where the parties are in agreement and where they are in dispute. Sometimes with written offers going back and forth in numbered paragraphs it is difficult to visualise where the parties are, that is where FamilyProperty and our neutral balance sheet really shines.
There are actually three different views for the neutral balance sheet (card view, table view and comparison view). This is the table view. If you want to see all three views, or find out how to generate them, then you can do that using this blog.
Want more tips or tricks?
If you want more more information about the features that are available for the spreadsheet, or instructions for those features, then you could visit this page on our website.
We also post tips and tricks on our Instagram account which you can visit here, and we share them with our mailing list for our subscribers. If you are not receiving those emails reach out to Janis at firstname.lastname@example.org so she can add you to the list.