Blog Article: Coming Soon - Probate Assets & Liabilities Super Layout

Coming Soon - Probate Assets & Liabilities Super Layout

Aug 23, 2023
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Probate attorneys will soon have a new & improved way to record the assets & liabilities of estates in LEAP. This new system makes it easier than ever to efficiently manage estate finances, automatically calculate totals, maintain accurate records, comply with legal requirements, and provide transparent reporting to fiduciaries and interested parties.

This new feature has been expertly developed by the LEAP Content team of attorneys and Estates & Trusts specialists, and is part of LEAP's commitment to providing software that helps simplify the complexities of running your legal practice, while improving productivity and efficiency.

The super layout will provide financial accounting functionality that is crucial for accurately managing and tracking the financial aspects of an estate throughout the probate process. Here are some key features:

Asset Management – Record and organize all estate assets in a variety of asset classes, including real property, bank accounts, investments, personal property, and more. Input and track asset details, such as descriptions, valuations, and ownership information.
Liabilities and Debts Tracking – Manage estate liabilities and outstanding debts, including loans, mortgages, and other financial obligations. Input and track debt details, including creditor information and amounts owed.
Estate Accounting – Capable of automating accurate and comprehensive financial statements for the estate that are essential for probate court filings, such and inventories and distributions.
Client Collaboration – Functions with a new LEAP App integration to securely request Asset & Liabilities details directly from your clients using LawConnect.

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