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Allocation

Allocate an asset among multiple beneficiaries

  1. Select the
    Beneficiary
     folder, then select the
    Names
     tab and enter beneficiary information under Identify Spouse, Beneficiary, Executor, Representative section.
  2. For each beneficiary who is not the surviving spouse or trust beneficiary receiving QTIP property, select the
    Bene
     tab and create a ratio. The selected beneficiary is listed on the top of the
    Bene
     tab.
  3. To access the
    Bene
     tab for a different beneficiary, select the
    Names
     tab twice, select the appropriate beneficiary, then select the
    Bene
     tab again. You can also select a beneficiary from the folders block.
  4. Select the
    Asset
     folder, under General Information, choose the beneficiaries’ name from the dropdown menu in the
    Beneficiary / ratio
     field.
    Example:
     If there are 4 beneficiaries that are splitting an asset 25% each, then for the first beneficiary you would go to the
    Bene
     tab, select a ratio line, and give that ratio a name. Then enter the percentage as a whole number (25, not 0.25) in the
    Percentage
     field. When you go to this screen for the 2nd beneficiary, the ratio will already have the ratio name on the same line. Simply enter the percentage in the
    Percentage
     field for this beneficiary and repeat for all beneficiaries.
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