As we step into the second quarter of 2024, the wealth.com product team is thrilled to announce some new product features and enhancements aimed at providing ongoing value to our advisor partners and their clients. Check out our April 2024 releases below.
Feel free to ask any questions or share your feedback by emailing us at [email protected].
Understanding Your Client’s Potential Estate Tax Liability Pre and Post TCJA Sunset
Built using key information extracted by Ester™ from Form 709s, the wealth.com Taxable Estate Analysis provides a breakdown of clients’ potential estate tax liability, crucial for assessing transfers subject to federal gift and generation-skipping transfer (GST) taxes. The visualization instantly calculates unified estate and gift tax exemption for our advisor partners’ clients, highlighting remaining exemptions pre- and post-Tax Cuts and Job Act (TCJA) sunset in order to help optimize tax savings by utilizing the remainder of their gift tax exemption amount.
This Month’s Enhancements to Ester™
We‘re continuously improving Ester™ , our AI estate planning document extractor, to simplify the review process for our advisor partners. This month’s updates include the following:
- Edit extracted information: Advisors can now seamlessly make edits to information extracted by Ester™ from the Review page, ensuring convenience in any needed customizations.
- Section Summaries: We’ve introduced new AI-generated summaries alongside extracted information to help streamline the review process and provide additional context.
Upon uploading an external Will or Trust and verifying the extracted information, a new visualization report is automatically generated displaying key information identified in the existing estate planning document. Advisors can access these visualizations immediately and customize them during the extraction process.
We take pride in collaborating closely with our advisor partners and their clients to offer tools for creating, visualizing and managing estate plans effectively over time. Your feedback is invaluable to us, so please don’t hesitate to share your thoughts with us by emailing us at [email protected].
