Product Comparison

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 $595 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.

Models

Estate Planning Tools                                   

Financial Planning Tools                             

Sample Reports

Estate Tax Report

Individual Income Tax

Interrelated Estate Tax

§199A Deduction

Prior Gifts

CRUT

GRAT

IRMAA

Version History

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.