FAQ: Trust Owned Assets

Frequently Asked Questions

Need assistance with data entry? RightCapital is here to help! Please use the common questions and answers below to assist you in generating financial plans. For additional assistance use the link to our support team at the bottom of the article.

1

Will an account that is set to trust as owner, appear on the client's balance sheet?

Answer: Any trust owned account will add value to the client’s net worth and will be listed on the balance sheet as trust owned.

2

Can I specify if a trust is owned by a client or co-client?  

Answer: When modeling a trust owned asset, you will not have an option to specify the client's as owners. If one of the clients is responsible for the taxation within a grantor trust, they can be identified as the grantor on the trust within the Net Worth or Estate area.

3

Where can I show trust income impacting the client’s plan? 

Answer: If you want to see the trust income flowing into the plan, navigate to the Retirement > Cash Flows > Summary Page and look under the Income Inflows. You can also see a breakdown of retirement income sources, including trust income, within the Retirement > Analysis > Retirement Details Tab.

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