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Estate and Charitable Planner LIVE (Web App)Two of our most popular programs have merged to create the new Estate and Charitable Planner LIVE. This new web application has all 110+ models from our popular Estate Planning Tools desktop program combined with the entire catalog of models from Charitable Financial Planner. In addition, three SECURE Act strategies have been added under the Retirement category! This product now contains 120+ models! Even more exciting, this new product has an introductory price of $495 for a single initial license that includes six months of maintenance coverage. Future annual renewal coverage is only $295 for a single license.
Requirements: It is recommendeded to have the latest version of your modern browser installed. You will need to have your browser settings adjusted to allow popups and cookies. When purchased, instructions to modify your browser settings (if needed) can be found on your dashboard next to where you launch the application.
For multiple licenses or enterprise licensing, please call 803-781-9595.
Highlights
- Run the entire catalog of models in any operating system (Mac or Windows).
- Most popular modern browsers are supported (Firefox, Edge, Chrome, Safari).
- Application also runs on most mobile devices (iOS, Android).
- Gift Annuity model has been updated to reflect new effective rates for 7/1/2020.
- Never worry if you are running the current version! Seamless online updates.
- Updated for 2021 Income and Estate Adjustments (review Version History)
Category: Estate Planning
Description
Estate Planning Tools (desktop) is the nation’s most extensive estate planning software for estate planning attorneys, bankers, financial planners and advisors. With over 110 dynamic planning models in 15 different areas, Estate Planning Tools contains all the calculations necessary for you to advise your clients on how to fulfill their goals and determine which options will work best for the future of their clients with the utmost of confidence.
Charitable Financial Planner (desktop) contains several models that are found in Estate Planning Tools, but expands on several of them to include things such as income tax reports, capital gains tax, and tax savings. In addition, there are 3 models that are not found in Estate Planning Tools - Pooled Income Fund, Charitable Remainder in Farm/Residence, and Charitable Gift Annuity. The Charitable Gift Annuity is so robust, it could be a program in and of itself - the desktop has historical rates based on effective dates going back to the 1990's, while the web application currently has historical rates dated back to February 2009.
The SECURE Act strategies that are in the application help advisors with alternatives to the Stretch IRA. With the SECURE Act, Stretch IRAs are only allowed for Exempt beneficiaries. These strategies implore ideas on how to structure IRAs to show the most net benefit.
All of this, in one application that you can use anywhere!
Video Demo
Screenshots
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Reports
Models
Estate Planning Tools
Valuation |
Capitalization of Income Valuation Through Comparable Stock Book Value Method Goodwill Valuation Key Employee Valuation Special Use Valuation Financial Planning Ratios |
Tools of Estate Planning |
Inclusion of CRAT, CRUT, GRAT or GRUT Self-Canceling Installment Note Private Annuity Annuity, Life Estate and Remainder Factors Simplified GSTT Worksheet Total Cost of GST Transfer Qualified Tuition Programs Gift Loans |
Trusts |
GRIT and Qualified Personal Residence Trust (QPRT) Rolling GRAT Grantor Retained Unitrust (GRUT) Contingent Reversion |
Charitable |
Charitable Remainder Annuity Trust (CRAT) Charitable Remainder Unitrust (CRUT) Charitable Lead Annuity Trust (CLAT) Charitable Lead Unitrust (CLUT) Charitable Gift Annuity Pooled Income Fund Charitable Remainder in Residence/Farm Naming Charity Beneficiary of Group Term Ins. Interrelated Estate Tax |
Estate Planning Techniques
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Estate Tax Advantage of Gift Tax Exclusion Section 6166 Installment Payment of Estate Tax Business Owner’s Section 2057 Estate Tax Deduction Substantially Disproportionate Redemptions Section 303 Stock Redemptions Installment Sale Group Term Life Cost Advantage of Income Shifting |
Taxes
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Gift and Estate Tax Computation Prior Gifts Projection of Estate Tax Marital Deduction Optimization Table 2001 Cost Tax on a Net Gift Individual Income Tax Corporate Income Tax |
Retirement |
Lump Sum Distributions Retirement Plan Taxation Pre-59½ Distributions Determination of Cash Requirements CRAT Named as IRA Beneficiary CRUT Named as IRA Beneficiary Retirement Accounts Buy Insurance |
Present and Future Value |
Present Value of an Annuity Present Value of a Lump Sum Deferred Compensation Future Value of an Annuity Future Value of a Lump Sum Deposit Growth Life Expectancy Chance of Survival |
§199A Deduction
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§199A Deduction for an SSTB or non-SSTB §199A Deduction when Several Passthrough Entities are Owned §199A Deduction for Estate and Non-Grantor Trust Allocations Impact of Retirement Plan Contribution on §199A Deduction C Corporation vs. S Corporation W-2 Employee vs. Independent Contractor Analysis §199A(g) Deduction for Specified Agriculture or Horticulture |
Social Security |
Optimizer Spouse of Qualified Worker Family Survivor Benefits Maximum Family Benefits AIME Earnings Test Taxable Portion Present Value of Survivor Benefits |
Financial Planning Tools
Investment |
Common Stock Calculator Comprehensive Bond Calculator Annual Rate of Return Investment and Cash Flow Analyzer Holding Period Return Calculator Present Value of Investment Internal Rate of Return |
Inflation |
Erosion of Purchasing Power Fundlife Calculator Inflation-Adjusted Income and Asset Analysis Income Due to an Investment Fund College Cost Estimator Lump Sum Needed for Increasing Annuity Contributions Required to Reach a Goal |
Real Estate |
After-Tax Return on an Investment Amortization Schedule Break-Even Period Refinancing Mortgage Comparison Schedule Double Payments on Retirement of a Mortgage Break-Even Interest Rate Comparison Mortgage Payment Calculator Loan Payment |
Insurance |
Rate of Return on Life Insurance Net Cost of Life Insurance Net Clear Death Benefit Insurance Needs Analysis Total Cost of Group Term Life Insurance Business Buyout Analyzer Need for Business Interruption Insurance Death Benefit Rate of Return |
Net Worth |
Net Worth Analysis and Projector Security Portfolio Analyzer Taxable Social Security Benefits Under OBRA ‘93 Periodic Withdrawals from an Investment How Compounding Builds Net Worth Future Value of Increasing Payments |
Financial Goals |
Summary of Financial Objectives Accumulation Planning Worksheets Educational Funding Analysis Retirement Analysis Social Security Benefits Present Value of Future Retirement Benefits Federal Estate Tax Discount Income-Related Medicare Premium Adjustment |
Budgeting |
Income and Expenses Report Monthly Cash Flow Report Dividend and Interest Income Report Term of Loan Calculator After-Tax Return and Cost Calculator Cost of an Outlay Extra Loan Payment Analyzer |
Version Information
2021.01 (1/1/2021)
- Updated for the 2021 adjustments for states that have decoupled from the federal estate tax. These include:
- Maine: 2021 Exclusion of $5,900,000
- New York: 2021 Exclusion of $5,930,000
- Rhode Island: 2021 Credit of $70,490
- District of Columbia: 2021 Exclusion of $4,000,000
- Iowa inheritance tax: When the beneficiary is not Class 0 (spouse, grandparent, grandchild, child), the calculation is circular using the Federal Estate Tax as a deduction. In these cases, a minor change was required to ensure the circular calculation.
2021.00 (11/15/2019)
Version Information
- NEW: The Social Security Section. Complete With 6 New Models:
- Optimizer: Shows an optimal point for Social Security under different Retirement Age assumptions.
- Spouse of a Qualified Worker: Displays benefits for a spouse of a Qualified Worker, and compares, if applicable, the benefit the spouse would earn based on their own work history.
- Family Max Benefit: Shows the Maximum Family Benefit based off the year and the Qualified Worker's Primary Insurance Amount. This figure is used in both retirement and survivorship type of calculations.
- Survivor Benefits: Calculates the survivor benefits of a spouse and/or qualified children of a deceased spouse.
- AIME: This model allows you to enter up to 45 years of income. With indexing applied, it captures the top 35 indexed income values, and averages them to return the Average Indexed Monthly Earning.
- Earnings Test: This model will calculate the earnings test used to determine what portions of benefit will be withheld, when the Qualified Worker continues to work during their retirement, and they have not reached Full Retirement Age.
- 2021 Income Tax Adjustments: This update will impact and be visible on several screens: CRAT, CRUT, Pooled Income Fund, Farm/Residence, Gift Annuity, Individual Income Tax, Corporate Income Tax, CRATIRA, CRUTIRA, QP Buys Insurance.
- 2021 §199A Adjustments: This update will impact several screens: General, >1 Entity, Estate/Trust, SuperDed, C vs S Corp, Individual vs Employee, Farm.
- 2021 Estate Tax Adjustments: This update will be evident on several screens: Estate Tax, Prior Gifts, Bypass, Project, MarDed, Net Gift, Cash Need, Confiscate, Interrelated Estate Tax, Exclusion, §6166.
- 2021 IRMAA Adjustments: Medicare Part B and D updated for 2021. This model is found under the Financial Planning side of the application.
- CRUTIRA: IRA Names CRUT as Beneficiary. This model has been reworked to allow for more flexibility when modeling a CRUT. Additional inputs have been added to allow for different growth rates for the IRA, portfolio (where the distributions are placed) and for the CRUT. The CRUT also allows for an income rate. You can also model how the schedule will payout based on the CRUT Type (Normal, NIMCRUT, NICRUT, or FlipCRUT). If there is an estate tax calculated, an IRD is calculated and applied to the schedule for the Stretch and the SECURE Act 10-year distribution. For the 10 Year distribution, you can now select whether the payout is a lump sum in year 10, or equal (with growth) payments from years one through ten. Lastly, the economic schedule for the CRUT was based off the life expectancy for table 2000CM, whereas the Stretch uses §1.401(a)(9). You can now elect the CRUT distributions to use either table or enter an age to which they would stop. The valuation is based off Table 2000CM, but the schedule can now be illustrated to extend (or stop short) of the 2000CM Life expectancy.
- CRATIRA: IRA Names CRAT as Beneficiary. This model has been reworked to allow for more flexibility when modeling a CRAT. Additional inputs have been added to allow for different growth rates for the IRA, portfolio (where the distributions are placed) and for the CRAT. If there is an estate tax calculated, an IRD is calculated and applied to the schedule for the Stretch and the SECURE Act 10-year distribution. For the 10 Year distribution, you can now select whether the payout is a lump sum in year 10, or equal (with growth) payments from years one through ten. Lastly, the economic schedule for the CRAT was based off the life expectancy for table 2000CM, whereas the Stretch uses §1.401(a)(9). You can now elect the CRAT distributions to use either table or enter an age to which they would stop. The valuation is based off Table 2000CM, but the schedule can now be illustrated to extend (or stop short) of the 2000CM Life expectancy.
- Charity Type: Cash - 60%. Models CRAT, CRUT, Pooled Fund, Farm/Residence, and Gift Annuity. Each of these models have been updated to allow for the option of a 60% Cash deduction. The other types remain unchanged (50,30,20%).
- Data File Filter: When clicking on 'Open', only files that are of the extension '.ecp' will be shown.
- On Screen Summary Tab Section: If the report is long, it currently scrolls the tab section out f site. The tab section will remain as a header.
2020.10
- Added new model - Rolling GRAT. This model can be found under the Trusts category. The model shows the impact of having consecutive GRATs created with the annuity payouts funding the new GRAT, and the remainder going to beneficiaries.
- CRUTIRA: IRA Names CRUT as Beneficiary. The model was setup to always optimize the payout based on the highest payout that would pass the 10% test. An option has been added to allow the user to turn this off, and enter a payout percentage between 5% and 50%. Its still suggested, for the scope of the model, to use the optimization to illustrate the most benefit going to the heirs. In addition, a minor tweak to the summary report was made to not show a Charitable Deduction from the CRUT if the Gross Taxable Estate is less than the Federal Exclusion for the year. In this situation, no estate tax would be calculated, and thus, removing the deduction leads to less confusion.
- Special Use Valuation model: Updating to reflect the 2020 rates released in September 2020.
- Data files: encryption. Prior to 2020.10, the files were not using 64 bit encryption.
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