Allocate an asset among multiple beneficiaries
- Select theBeneficiaryfolder, then select theNamestab and enter beneficiary information under Identify Spouse, Beneficiary, Executor, Representative section.
- For each beneficiary who is not the surviving spouse or trust beneficiary receiving QTIP property, select theBenetab and create a ratio. The selected beneficiary is listed on the top of theBenetab.
- To access theBenetab for a different beneficiary, select theNamestab twice, select the appropriate beneficiary, then select theBenetab again. You can also select a beneficiary from the folders block.
- Select theAssetfolder, under General Information, choose the beneficiaries’ name from the dropdown menu in theBeneficiary / ratiofield.Example:If there are 4 beneficiaries that are splitting an asset 25% each, then for the first beneficiary you would go to theBenetab, select a ratio line, and give that ratio a name. Then enter the percentage as a whole number (25, not 0.25) in thePercentagefield. 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 thePercentagefield for this beneficiary and repeat for all beneficiaries.
