Weekly "Industry News & Helpful Hint" eNewsletter

March 8, 2022 "Industry News & Appraise Helpful Hint" eNewsletter

Industry News

"Study: Millennials Opting for Will-Based Estate Plans"

Synopsis: A recent study found that 75.1% of millennials are opting for will-based estate plans and 18.8% are using a trust-based estate plan.

You can read the article by clicking HERE.

Last week's article was:

"Will Your Estate Plan Be Followed?"

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

Appraise Helpful Hint

"Holiday and weekend valuations"

Monday, Feb 21 - Presidents Day, was a United States financial market holiday, therefore no domestic issues were traded. If a person dies on a weekend, or a three day holiday weekend, the following IRS regulations are applied for estate and gift tax valuations.

IRS Regulation 20.2031-2(b) addresses inversely weighted means. Means are inversely weighted with respect to the number of trading days between the valuation date and pricing dates. Because neither Saturday nor Sunday are trading days, the mean for a weekend Date-of-Death is the straight average between Friday and Monday.

In the case of the three day Presidents Day weekend, correct valuation required the Friday and Tuesday prices, so valuations should not be requested until Wednesday.

Last week's topic was:

"A hybrid solution for estate, gift, and trust tax valuations"

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

Upcoming Events (all times are eastern time zone)

Thu, Mar 24: (5:00p ET) System Maintenance - all online services will be unavailable with service being restored within a few hours

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.

You're always running the current version and do not need to install updates.
It's easy to add and remove users
It has more reports and features than traditional desktop software
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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Evaluation Services, Inc.

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