FAQs - Family Law Software

FAQs

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Question: I am not seeing the life insurance premium on my Colorado Sworn Financial Statement.

Answer: The treatment of life insurance depends on whether or not the insurance is a payroll deduction.

This note describes both possibilities.

1. If the life insurance is a payroll deduction:

If the life insurance is a payroll deduction, you may indicate that on Income & Expenses > Investment, Debt, as shown below.

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The entry will then carry to the Sworn Financial Statement, Section 2, as shown below:

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2. If the life insurance is NOT a payroll deduction:

Life insurance that is NOT a payroll deduction is not on the Official Affidavit.

If your client has life insurance that is NOT a payroll deduction, and you want it to appear,you have to use the expanded affidavit for expenses. Here is how to do that:

a. Clear the checkbox at Income & Expenses > Investment, Debt, so that the insurance is specified to be NOT a payroll deduction.

b. Go to the Form Info screen and click the boxes at the top to indicate that you want expense details (not official format).

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c. Then you will see the premium under section I. Miscellaneous.

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