Estate Advisor
The Estate Advisor provides detailed estimates of a client’s existing estate plan assuming death today and death in a future year (or deaths in future years, if the client is married). Additionally, Estate Advisor illustrates the impact of a proposed ‘alternative estate plan’ assuming death occurs in a future year after successful implementation of a variety of advisor-chosen estate planning tools.
Module Target User – Advisors
Completion Time – 30 to 60 minutes
This module:
- Includes complete flowcharting capabilities and distribution analysis capabilities
- Performs complete settlement cost calculations (funeral/final costs, probate costs, administration expenses, and liabilities payable at death)
- Calculates Federal estate tax based on 4 different tax regimes (As legislated, Freeze 2012 laws, $3.5 million exemption, and Permanent repeal)
- Provides on-board estate planning tools (educational material and calculations) that include inter vivos gifting, wills (both regular bequests and charitable bequests) RLTs, ILITs, CSTs, Marital trusts, QTIP trusts, CRTs, GRTs, QPRTs, and FLPs
- Compares various estate tax funding options (cash, borrowed funds, asset liquidation, and life insurance)