Estate Planning: Establishing A Sustainable Legacy In Uncertain Times

September 28, 2020 "Time Saver & Helpful Hint" eNewsletter

Weekly News Update

Synopsis: In the world of financial planning, we are increasingly hearing (and using) the word "sustainability." Generally, sustainability has referred to socially responsible or ESG investing. But sustainability is also an element of personal financial planning. A sustainable financial approach incorporates planning to suit present needs, maintaining one's desired lifestyle during retirement years and establishing a legacy.

Please read the remainder of this eNewsletter for our helpful hint, poll & webinar, National Estate Planning Awareness month, valuations we provide, delivery options, and upcoming events.

Weekly Time Saver & Helpful Hint

This week's topic is:

Final regs. outline trust and estate expenses still deductible under TCJA

We consider it part of our responsibility to share with our trust and estate professional community information which might be of interest to them. Please take a look at the IRS announcement below.

The IRS on Monday issued final regulations (T.D. 9918) clarifying that certain expenses incurred by, and certain excess deductions upon the termination of, an estate or non-grantor trust are not affected by the suspension of miscellaneous itemized deductions for tax years 2018 through 2025. The regulations also provide guidance on determining the character, amount, and allocation of excess deductions that are succeeded to by beneficiaries.

Click HERE to read more.

Last week's topic was:

"Name Changes"

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

Monthly Poll

Our September poll question is:

"Do you prepare IRS Form 1041 tax returns?"

Please participate by clicking 'Yes' or 'No' in the poll on the right.

If your answer to our poll question is 'Yes,' then our September 24 webinar, which was about our 1040 /1041 Income Allocator may be of interest to you. Reply to this email for a link to the recording.

Do you prepare IRS Form 1041 tax returns in your office?

Yes

Select

October is Estate & Gift Planning Awareness Month

October is Estate & Gift Planning Awareness Month and a great time to make sure that your financial, estate and gift plans are up-to-date.

Teaching financial awareness, financial literacy and the essential principles to smart money management are so very important as this gives people the tools of empowerment to make better informed everyday money decisions so you can:

· Live a quality life without outliving wealth

· Watch personal / family dreams become a reality

· Make decisions about lifestyle without financial worry

· Enjoy a financially secure debt free future

· Work with financial professionals & product providers to get the best results from time & money

· Pass on personal values, knowledge & assets to future generations to make their lives & this world a better place

Click here to Learn How Improving Financial Awareness & Financial Literacy Can Increase Your Bottom Line

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 to Calendar or Fiscal Year based on date of death

How can I get a valuation from ESI-APPRAISE?

1. Secure online solutions (You do the work, using our tools, and save money)

- APPRAISE Web: Use credit card or account #; can be run from anywhere/any platform

· APPRAISE Windows: Software on your computer; internet connection to access the data

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

Software on our computer, data on your computer for security and peace of mind
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: Value your ONESOURCE Trust & Estate securities without valuation software

2. Outsourcing solution (We have the expertise, do the work, and save you time):

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

Upcoming ESI-APPRAISE Events

Sep 30: System Maintenance (5:00p ET)

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