The Estate Planning QuickView illustrates the relative tax advantages of several different estate planning scenarios. The program displays up to seven different estate plans for married clients and two different estate plans for single (unmarried) clients. In all plans in which a married couple has jointly owned assets, such assets pass to the estate of the surviving spouse (except in community property states, in which the "joint" assets are divided between the estates of the husband and wife as community property).
In order for you to view results quickly and easily, the program includes a number of assumptions about estate distributions and valuations. This means that the program's calculations should be treated only as projections, and not determinations of actual liabilities.
The program includes calculations for state estate taxes, state inheritance taxes, and federal estate taxes.
To use the software,
- Enter the inputs on the Input Section,
- View the flowcharts and/or graphs,
- Click Final Report to generate a report for your client.
Don't forget to save your file after you're done! Select Save or Save As from the File menu.
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