Click the toggle menu on the right side ("View/Hide"). Click "Add Liability" to show the "Add Liability" window.  As with all financial edit windows, fields with red titles are required to be filled in. Fill in optional information as needed. Enter the type, who it is for, what it is, where it is, and how much it is.

Choose the "Liability Type" from the drop-down menu.  There are seven types to choose from. 

Select the "Interested Members" from the drop-down field. One or more members can be chosen.  Adjust the percentage of ownership if needed, and the field will accept decimals (33.5%)

Checking the "Joint Ownership" box places the Liability below the avatars.

Leaving "Joint Ownership" unchecked splits the Liability financial and divides the value by percentage.

Reference Name - What is it?
Lien Holder - Where is it?

As with all text fields on these windows, up to 17 characters will display on an Asset-Map but more can be entered.
*Tip: Use these text fields creatively to help get answers, draw attention to the financial, or foster understanding and conversation.
Examples are:

Reference Name = "Loan", Lien Holder = "Where?"
Reference Name = "Mortgage", Lien Holder = "Rate @4.5%"
Reference Name = "Auto", Lien Holder = "until 2020"

*Tip: Be succinct for legibility.  

Link the loan to an asset to foster understanding and show relationships.  This works very well when your client has multiple properties with multiple mortgages.  With the "Joint" box checked, click the "Link to Asset" drop-down and choose the asset to link the liability.

Enter optional details about this financial on the Details and Notes tabs.

Use the tools bar at the bottom of the window to delete, hide the box, add another liability, save changes or cancel without saving changes.

Tags: credit, card, loan, mortgage, onboard


11/2018

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