Estate Planning Assumptions

• Use this page to edit the following assumption types for the clients' estate planning goal
  • life expectancy
  • estate distribution
  • death taxes
  • fees
  • wills
• Furthermore, you can use the Estate Questionnaire to gather additional data and assumptions. Information entered in the Estate Questionnaire does not affect plan results, but will be included in client reports.

Life Expectancy Scenarios

1. Enter the Age or Year at which to simulate the death of the client(s) for the Life Expectancy, Alternative Life Expectancy, and/or Simultaneous Death situations.
   • Select the Reports option to include the relevant situation in client reports.
   • Note: Values entered in these fields affect estate planning assumptions only, not the plan at large.

State Death Taxes

1. Select the Override option for <client> and/or <co-client> to enter custom data for the state death tax amount.
   • If applicable, use the Infl and/or +/- Add'l fields to index the state death tax value.

Additional Fees

1. Enter the Probate Fee for <client> and/or <co-client>.
   • If applicable, use the Infl and/or +/- Add'l fields to index the state death tax value.
2. Enter the Administration Fee for <client> and/or <co-client>.
   • If applicable, use the Infl and/or +/- Add'l fields to index the state death tax value.

Estate Distribution Selection

1. Select how you want NaviPlan to handle the order of death for estate planning purposes.
   Note: Changing this option will overwrite any information you have entered. Do not make changes to this selection unless you are sure of your choice.

   Estate Distribution Selection:	Effects on the plan:
   Mirror Wills/Either Dies First	This option indicates that the estate planning strategies entered on the Objectives tab apply regardless of the order of death assumed in the plan. the Estate Distribution tab appears on the Estate Strategy tab the Estate Distribution tab appears on the Estate Planning section of the Scenario Manager.
   Specify by Order of Death	This option allows for the entry of different estate planning strategies based on the client dying first or the co-client dying first. Varying the life expectancy dates shows the effect of these different strategies. The Estate Distribution: Client and Estate Distribution: Co-client tabs appear on the Estate Strategy tab and in the Estate Planning section of the Scenario Manager dialog box.

Will Details

1. Indicate whether or not each client has a will. If you select Yes, you will be prompted to enter the date on which the will was last updated.

• Use the Estate Questionnaire to gather information that will help you plan for your clients' estate needs.
• Any information you enter on the Estate Questionnaire dialog box will not affect plan results. Instead, use it as a resource for you to keep track of your clients' estate situation.