How To Use Irrevocable Gift Trusts To Take Advantage Of Your Estate And Gift Tax Exemptions

November 30, 2020 "Time Saver & Helpful Hint" eNewsletter

Weekly News Update

Synopsis: Wealthy clients wishing to make big gifts can save taxes by using the generous exemptions now.

The gift tax is only assessed on the amount of the gift received, but the estate tax is based on the full inheritance so even the funds used to pay the estate tax are themselves taxed.

Weekly Time Saver & Helpful Hint

"Charitable Remainder Unitrust Valuations"

As we head into December, many of our clients are working with us to prepare for charitable remainder unitrust valuation season. This process involves the year end valuation of thousands of securities in a very short time. We work with our clients to automate and streamline this process as much as possible.

If you would like to discuss your CRUT or gift tax valuations (see Weekly News Update) with us, please CONTACT US.

Last week's topic was:

"Financial Market Hours For Thanksgiving Holiday"

You can access last week's eNewsletter by clicking HERE.

Service of the Month: APPRAISE in the Cloud - SaaS

Appraise.SaaS is our Software as a Service solution. It allows you full access to our complete software package with one simple click of a button. The only requirements are a web browser, username, password, and download of a Citrix applet.

All portfolio information is stored on your computers. There is no software installation necessary, so you can quickly enter, process, and print portfolios as if the program existed on your desktop. The Appraise application will be expertly hosted & maintained on our secured servers, while for your convenience, your portfolios will be stored on your desktop computer or file server.

This technology not only eliminates the task of installing, but it also eliminates the time-consuming task of upgrading. With SaaS, Evaluation Services can add new enhancements and apply any necessary "fixes" without the need to release new versions of our traditional software package. You will always be running the latest version from our servers.

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:

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 for Dividend Reinvestment Plans & Equities
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 on your computer; internet connection to access data

· APPRAISE.ASP: Our software as a service (SaaS) solution:

Software on our computer, data on your computer for security
Always running the current version eliminating the need to install updates
Easy to add and remove users
More reports and features than traditional desktop installed software

· ESI-Direct: ONESOURCE Trust & Estate securities without valuation software

2. Outsourcing solution (We do the work and save you time.)

Valuations can be submitted/delivered via email, fax, overnight courier, or mail.

Upcoming ESI-APPRAISE Events

Dec 17: (5:00p ET) System Maintenance - all online services unavailable.
Dec 24: Early close for Christmas holiday
Dec 31: Early close for New Year holiday

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Evaluation Services, Inc.

180 OLD TAPPAN ROAD,

BUILDING 4, OLD TAPPAN, NJ 07675

(201) 784 8500

appraisenj.com