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For The Upcoming Year
Industry News
"The Key Estate Planning Developments of 2021"

Synopsis: The myriad of state and federal rules that apply to their creation, operation, and transfer.
You can read the article by clicking HERE.

Last week's article was:
"Estate and Gift Tax Valuation of Cannabis Business Interests"
You can read last week's eNewsletter by clicking HERE.
Appraise Helpful Hint
"IRS Regulations For Estate Tax Securities Valuations"
This week, we received quite a few requests for the IRS regulations we apply to securities valuations for estate tax.
Here is a synopsis:

  • The mean price is calculated as the average of the high and low on the valuation date, when available. If these prices are not available (holiday, weekend or the issue did not trade), the mean price is the inversely weighted average of the high and low on the nearest trading dates before and after. If actual trades are not available, the nearest bid and ask prices are used. [IRS Reg. 20.2031-2]

  • For open ended investment companies (commonly known as mutual funds) the fair market price is the public redemption price on the valuation date. Should no price be available for that date, the price used will be the price for the first day preceding the valuation date. [IRS Reg. 20.2031-8(3)(b)]

  • For alternative valuations, the above methodology holds true except for any issues where the price fluctuation is affected by a "mere lapse of time". Such issues are valued as of the date of death. [IRS Reg. 20.2032-1(3)]

Last week's topic was:
"Pricing Securities Using Ticker Symbols"
You can read last week's eNewsletter by clicking HERE.
Upcoming Events (all times are eastern time zone)
  • None scheduled right now
Which valuations can I get from ESI-APPRAISE?
We give you access to all the tools, information, and professional support you need to increase your profits and serve your customers better. Additionally, ESI-Appraise offers a broad range of global securities and related financial data from all major markets and exchanges.

  • IRS Form 706 Estate Tax
  • IRS Form 709 Gift Tax
  • Charitable Remainder Unitrust
  • Grantor Retained Annuity Trust
  • Domestic & Global Historical Pricing
  • Capital Changes
  • Cost Basis Calculator for Corporate Actions
  • Cost Basis Calculator for Dividend Reinvestment Plans
  • 1040/1041 Income Allocation for Calendar or Fiscal Year
How can I get a valuation from ESI-APPRAISE?
1. Secure online solutions (You do the work to save money.):
  • APPRAISE Web: credit card or account #; can be run from anywhere/any platform 
  • APPRAISE.Windows: software and data stored on your computer
  • APPRAISE.SaaS: our Software as a Service (SaaS) solution. SaaS means we host the software, which you access via the internet, and you store your data locally on your computer. This benefits you and your information technology group because a hybrid solution takes the best of software and cloud and combines them.
  1. You're always running the current version and do not need to install updates.
  2. It's easy to add and remove users
  3. It has more reports and features than traditional desktop software
  4. You store your data securely on your computers.
  • ESI-Direct: ONESOURCE Trust & Estate securities valuations without software
                    
2. Outsourcing solution (We do the work and save you time.): Valuations can
be submitted/delivered via email, fax, overnight courier, or mail.
Click HERE for an order form.
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