Written and designed by an estate planner for estate planners, CPAs, insurance advisors, financial advisors, tax advisors and any other professional interfacing with clients about estate, tax and financial planning. It is designed with the mobile professional in mind to provide immediate feedback to common calculations requested by clients. Imagine a client asking, “What would that look like?” and able to give an estimate in your conference room or at the client’s location almost immediately using your iPhone.
Tools in this version include estate and inheritance tax calculations, gift tax calculations, the power of the credit shelter trust, qualified personal residence trust calculations, gift annuity, charitable remainder trust, gift tax deduction estimator, charitable lead trust, present value, future value, life expectancy and an insurance analyzer to compare the tax deferred nature of life insurance to regular investing.
Once you have run your calculations, you can email results to your office or the client. Note that this application is not a substitution for comprehensive planning and should not be relied on as such. It is an estimator for on-the-fly answers to commonly asked questions.
Tax-Calc Now+ is the enhanced professional version of Tax-Calc Now. Not only does it have all of the tools of the basic version but it also has an RMD calculator, a customizable internet button, printing capabilities, additional charitable calculators, annuity calculators, a life estate and remainder calculator as well as and ILIT calculator. Most importantly, it has 15 planning diagrams ranging from the difference between a will and a trust to the use of captive insurance companies in estate planning. GRATs, CRTs, Legacy Trusts, FLP planning, Family Office planning and Sales to DGTs are additional techniques explained in easy to understand and graphical format which can be printed to a local printer or e-mailed from your phone or iPad. Access to the IRS website and AFR rates is also provided so long as you have an internet connection.
The professional Tax-Calc Now+ version costs $19.99 per year.
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