Estate Planning Tools
  • Estate Planning Tools (Desktop App)
    $495.00

    Estate Planning Tools is the nation’s most extensive state planning software for estate planning attorneys, bankers, financial planners and advisors. With over 115+ dynamic planning models in 16 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. Through our detailed, yet versatile cutting-edge calculators, Estate Planning Tools offers flexible solutions to any firm, regardless of size.

Description

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Estate Planning Tools is a comprehensive program that handles several areas:

  • Valuation
  • Tools of Estate Planning
  • Trusts
  • Charitable Gifts
  • Retirement
  • Present and Future Values
  • §199A Deduction
  • Investments
  • Inflation
  • Real Estate
  • Insurance
  • Net Worth
  • Financial Goals
  • Budgeting

Estate Planning Tools is priced at $495 for a single initial license, including six months of coverage (updates sent as released based on tax law changes). Future annual renewal coverage is $179 for a single license.

A current desktop version of Windows is required.

We guarantee your satisfaction with a 30-day money back guarantee.

For multiple licenses or enterprise licensing, please call 803-781-9595.

 

Product Comparison

Brentmark, Inc. | Product Comparison Guide: Estate & Charitable Planner LIVE (ECPL), Estate Planning Tools (EPT), Charitable Financial Planner (CFP) - May 2021

Screen Shots

  Estate Screen         Interrelated Estate Tax    §199A     Prior Gifts     CRUT     GRAT    IRMAA    Private Annuity

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)
Grantor Retained Annuity Trust (GRAT)
Grantor Retained Unitrust (GRUT)
IDIT Installment Sales
Dynasty Trust
Split Interest
Bypass Trust Computation
Contingent Reversion

Charitable

Charitable Remainder Annuity Trust (CRAT)
Charitable Remainder Unitrust (CRUT)
Charitable Lead Annuity Trust (CLAT)
Charitable Lead Unitrust (CLUT)
Naming Charity Beneficiary of Group Term Ins.
Interrelated Estate Tax

Estate Planning Techniques

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

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

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

§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

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 History

Version 2021.10 (Released 06/15/2021)

  • NEW MODEL: Qualified Domestic Trust (QDOT) is new under the Trusts column.  This model shows the impact of the Estate Tax when the surviving spouse is a non-US citizen.  The model handles both resident and non-resident non-citizens.  This model is complete with flowcharts that make the calculations visual.  It illustrates the tax in a scenario via the following options:
    • Without consideration of the QDOT
    • With consideration of the QDOT
    • Creation of a Bypass Trust at first death, with the remaining portion of the taxable estate placed into a QDOT.
  • NEW MODEL:  Capital Gains/Losses Harvester (“Harvester”) is found under the Estate Planning Techniques column.  This model calculates “what-if” scenarios for an asset that could have a capital gains/loss.  This model illustrates projections if you were to hold the asset for up to a number of years and then realize the loss/gain in the following year.  There are two approaches for a user:
    • Growth Rates for the asset
    • Future AGIs (AGI Method)
    • Future Filing Status (AGI Method)
    • Future Capital Gains Rates (Tax Rates Method)
    • A summary page is included to show the year with the highest projected rate of return.
    • This feature also shows the allowable Capital Loss to be claimed in a year, along with the Carryover Loss that can be applied to later years
    • Tax Rate Method – This allows the user to perform quick calculations by entering a Capital Gains rate to be used in a given year.
    • AGI Method – This method shows the user how the Capital Gains/Loss could increase your Capital Gains threshold amounts and how it interacts with the §1411 Investment Tax.  Both input’s resulting data are essential to the user if they make assumptions with the Tax Rate Method.  Customizing the following inputs allows you to change values for each individual year, up to 10 years. 
  • NEW MODEL: Net Net Gift is found under the Taxes column.  This model calculates the taxable gift when the donee pays not only the Gift Tax from the gift but the Estate Tax liability (§2035(b)) if the donor dies within three years of the gift.
  • NEW MODEL:  Social Security Optimizer (SSOptimizer) is found under the Retirement column.  This model shows the breakeven and PIA calculations (with COLA) for the three common retirement dates (Early Eligibility, Full Retirement Age, and Maximum Delayed).  it also allows for a custom retirement date in the applicable range.
  • NEW MODEL:  Required Minimum Distributions of Owner during Lifetime (RMD) is located under the Retirement column.  This model shows the Required Minimum Distributions for a given year, based on the plan balance of 12/31 from the prior year, and the owner’s birthdate.  This model includes the §1.401(a)(9) changes that go in effect 1/1/2022.
  • NEW MODEL:  FastPlan is located under the Taxes column.  This model shows 3 strategies for estate calculations for a married client, complete with flowcharts and explanation results.  The 3rd strategy allows for basic planning, such as beneficiary designations of asset types, ability to set up several Trust types, charitable bequests, and maximum annual gifting.
  • NEW MODEL:  Forecaster is found under the Techniques column.  This model allows the user to calculate the Estate and Gift Tax under user-defined inputs.  Utilizing the following input customization to project upcoming tax changes and the impact to the client.
    • Estate Tax Exclusions
    • Gift Tax Exclusions
    • Tax Brackets
    • Portability of DSUE
  • NEW FEATURES:
    • Users can select between three different menu views.
    • Cover page has been added as a user option.
    • Disclaimer has been added as a user option (user can select between canned text or their own disclaimer).
    • Enhanced Reports have been added.
    • Additional rates are displayed (Short, Mid, Long Term) on screens that use the rate (IDIT, SCIN, Gift Loans and Dynasty).
  • NEW REGULATIONS:
    • Life Expectancy model has been updated for §1.401(a)(9) changes for 1/1/2022.
    • Present Value of Future Retirement Benefits model has been updated to include an option for the §1.401(a)(9) table in 2022.
    • Pre-59 Distributions model has been updated to reflect the §1.401(a)(9) changes for 2022.
  • ENHANCEMENTS:
    • All graphs have been revised with softer color schemes and Pie Charts shown on screen are resized.
    • CRUT model allows for up to 10 lives for the Life and Shorter calculations (up from 5).
    • CRAT model allows for up to 10 lives for the Life and Shorter calculations (up from 5).
    • The Budget model now includes both graphs on the printed report.
    • The AFR form that shows historical rates has 2 new buttons that allow for Manual Download and FAQs.
  • BUGS RESOLVED:
    • Automatic Download of AFR file.  Some users experienced issues with the automatic download feature.
    • GRAT model – the optimization routine was using an unrounded payout to arrive at the payout (dollar amount), that would have the lowest possible taxable gift.  It needed to be rounded based on the number of significant digits in the payout.
    • CRUT model – User interface tweak when the type was NIMCRUT – the label for the income was not aligned properly.
    • Security model – Found under the Financial Goals column, the ‘Total’ column on the report was not reflecting all ranges.
    • Interrupt model – Found under the Insurance column, the input report did not include the Gross Annual Business Income input.
    • Corp Tax model – if the year entered is 2018+, the graph was showing the results for the Service Corporation, which is not applicable for calculations in 2018+.
    • Factors model – the input for ‘Transfer Date’ on the screen is shown with the format MM/YYYY, and the input report that is printed was showing the format as MM/DD/YYYY.  The input report now reflects the same format.  Also, the input for ‘Aggregate Payments/Principle’ on screen uses the format $XX.YY, but the input report only showed whole dollars.  The input report has been updated to reflect the input on the screen.
    • Estate model – the input ‘Out of State Property’ was not modifying the estate tax properly.
    • Amortize model – when the option ‘Monthly’ was selected and the ‘Months’ entered were not divisible by 12, the results ‘Months in Last Year’ on the summary report was incorrect.

Version 2021.00 (Released 12/15/2020)

  • Special Use model – updated for 2020 Capitalization Rates released 9/2020 (Rev. Rul 2020-17). 
  • §6166 model – Updated the 2% Amount for 2021. 
  • Estate tax exclusion for 2021 ($11.7M) impacts the following models: 
    • Estate model 
    • Project model 
    • Interrelated model 
    • Bypass model 
    • Net Gift model 
    • Prior Gifts model 
    • Project model 
    • Marital Deduction model 
    • Cash Needs model 
    • Confiscate model 
  • Annual Exclusion model:  amount updated for 2021 ($15,000).  
  • Income tax adjustments for 2021 impact the following models: 
    • Corp Tax model 
    • Indiv Tax model 
    • Income Shift model 
    • §199A models 
    • C vs Pass  
    • C vs S 
    • W2 vs IC 
  • Section 199A models: updated the thresholds for 2021. 
  • IRMAA model: updated to include the 2021 Part B and D thresholds and deductibles. 
  • Help Topics have been modified to reflect changes from the 2021 adjustments. 
  • CRUT model: The Present Value of Succeeding Noncharitable Interest was not linked to the first age input (Grantor) as the help file suggests.  This has been fixed. 
  • Economic Schedules for CRAT, CRUT, CLAT, CLUT: For a single life case, where the age is based off 108 or 109, the duration of the schedule is based off the truncated life expectancy. For these ages, the truncated life expectancy was 0, which resulted in the schedule duration not to be updated. 
  • GRAT Model: Vary Annuity Payments, with a 20% constant growth, the schedule could report $0.01 over the 20% threshold (message on screen appeared).   This has been modified to truncate when this happens. For 2020.02, we changed the way CONSTANT variable Payouts calculated. This change, unfortunately, bypassed how the Non-constant variable payouts were handled.  This has been resolved.  In addition, we added an input to allow for Payout Percentage to use 5 digits (like versions of the software before 2020.02).  The default behavior is based on FMV, which will yield the gift closest to $0 when optimizing. 
  • CLAT Model: Single life calculations, the Present Value of Annuity Limited by §7520 Regs was incorrect in 2020.xx versions.   Version 2020.00 introduced a new economic schedule option, and that option inadvertently assigned a second age to that calculation. For 2020.02, we changed the way CONSTANT variable Payouts occur, based on a formula passed along by a peer. This change, unfortunately, bypassed how the Non-constant variable payouts were handled, this was also fixed. 
  • Estate Model: If state selected is MA, and a value is entered for the out of state (or state adjustment), a help button appears giving details on the Dassori v Commision case, and lets users know to use the State Adjustment (as negative) field to apply that decision. States that allow DSUE to be included, now have a separate input based on the spouse's death year.  Currently, this is for HI and MD only. 
  • Net Gift:  When a prior taxable gifts amount was entered, and unified credit used by prior gifts was entered,  the calculation resulted in a circular calculation  (freeze). 
  • State Death Tax Manager: MD's changes required a new field to be added to the data map.  Its specifically for calculating the tax with the Maximum Rate.  

Version 2020.02 (Released 08/12/2020)

  • QPRT model: the supplemental table shown based on changes in term of trust and grantor age had an issue when the §7520 rate was under 1.0%.
  • Early model: there was a typo in a hint line, suggesting the user to use the 120% Midterm AFR, but displayed the §7520 rate.
  • Future model: (Financial Planning section) the label on screen for the Future Value of the Investment used slightly different rounding than the result in the schedule.
  • Print Preview feature: added to the program speedbar.
  • Estate model: added the ability to expand the summary report on the tab group.
  • IDIT model: added a growth input and fixed a minor display issue on the report, where it reported the §7520 rate does not match the transfer date.
  • CLUT model: payout percentage has significant digits increased from 3 to 5.
  • CRUT model: payout percentage has significant digits increased from 3 to 5.  The optimization is now handled by a toggle input, no need to press Optimize after every input change.  Minor UI layout changes.
  • CRAT model: payout percentage has significant digits increased from 3 to 5.  The optimization is now handled by a toggle input, no need to press Optimize after every input change.  Minor UI layout changes.   
  • CLAT model:  payout percentage has significant digits increased from 3 to 5.  The Zero Remainder optimization is now handled by a toggle input, no need to press Optimize after every input change.  Modified the algorithm for Term with increasing Annuity Payouts.  Minor UI layout changes.
  • GRAT model: payout percentage by default has been 5 significant digits, but will now increase based on the FMV of the Trust to reflect better precision.  Modified the Term with Increasing Annuity Payout algorithm.
  • AFR Handling: efforts were made to optimize AFR behavior, mostly with network installs.  A help topic has been added for AFR FAQs, located under the Edit->AFR menu.
  • Installation changes were made to reduce issues where an uninstall was not working.

Version 2020.01 (Released 04/30/2020)

  • Estate Tax models, where states utilize the Deceased Spouse Unused Exclusion (DSUE) in their calculations, the maximum state DSUE allowed has been set to the state exclusion.  This impacts HI and MD.
  • Private Annuity model has been modified to accept §7520 rates under 1%.
  • CRAT model has been modified so that the §7520 and the 77-374 Tests can both accept §7520 rates under 1%.
  • Inclusion model has been modified to allow for the Annual Payout Rate to go below 1% (for CRUT/GRUT calculations).

Version 2020.00 (Released 03/05/2020)

  • 2020 Income & Estate Tax Adjustments Included That Impact 15+Models.
  • Updated Help Files.
  • The Brentmark State Death Tax Manager (SDTM) Has Been Updated To Include Changes For:
    • CT, DC, HI, ME, RI, NY and VT.
  • IRMAA Module Has Been Updated For 2020 Medicare Tables.
  • The Estate Model Has Been Enhanced With Several New Inputs To Expand The Calculation.
  • The CLAT Model Has A New Option To Select Between Two Different Economic Schedule Calculations.
  • New Alert System Notifying The User When A Newer Version Has Been Released.
    • When The Alert Is Activated: It Will Provide Information On How To Get The New Version.
  • A News Channel Has Been Added To Keep Users Current On All Brentmark Releases, Including Brentmark’s State Death Tax Manager (SDTM) Data Files.
  • New Software Has Been Implemented To Streamline The Installation Process.
  • Executable And Installation Files Are Now Signed With An EV Code Signing Certificate To Improve Security.
  • Brentmark’s AFR Manager Has Been Added Under The “Edit” Menu, Allowing For Manual Download And Diagnositics.
  • Several Display and User Input Behavior Issues Have Been Improved And Resolved.



 

Pricing

All Desktop products require the initial purchase of the software and the annual maintenance service fee to remain active and operable. The maintenance service allows your software license to stay current and receive updates, new features, legislative and tax law changes, bug-fixes, etc.  Expiration or lapse of your annual maintenance service fees could result in the requirement to purchase a new license of the software. 

 

The pricing includes the initial purchase of one (1) software license and twelve (12) months of complimentary maintenance service.  At the expiration of this complimentary maintenance service period (12 months from the date of initial purchase), you will be charged for the first year of annual maintenance service.  Your next fee will be assessed exactly one (1) year later and every year after that for your yearly maintenance service.

 

 

PRICING SCHEDULE

Software License of Brentmark Product (1) 

Included In Initial Purchase

Complimentary Maintenance Service (12 Months)

Included In Initial Purchase

1st Annual Maintenance Service

Billed 12 Months After Initial Purchase

2nd Annual Maintenance Service

Billed 1 Year from 1st

Annual Maintenance Service

Additional Annual Maintenance Service

Billed Yearly from Date of 1st

Annual Maintenance Service

 

 

 

Pricing of Brentmark's products is subject to change without notice.  While we make every effort to provide you the most accurate, up-to-date information, occasionally, one or more items on our website may be mispriced.  If a product listed is an incorrect price due to typographical, photographic, or technical error or error in pricing information received from our partners or suppliers, Brentmark, Inc. shall have the right to refuse or cancel any orders placed for the product listed at the incorrect price.

 

If an item's correct price is lower than our stated price, we will notify you of the price error and order cancellation. You may also choose to receive a refund for the difference in the correct price, and the erroneous price you were charged, or alternately have your order canceled and charged the correct price.

 

Should you have additional questions please Submit a Support Ticket.