Gifting

Gifting

Overview

Actions

Field Descriptions

Availability
  • Professional
  • Enterprise

Overview

Use the Gifting module to track a client's use of gifting to family, friends and heirs.

Actions

Follow the instructions below to perform tasks such as creating, editing, and exporting Gift records.

To…

Then…

Create a Gift record

  1. Access the Gifts Create form using one of the following:
    • Click Estate Planning > Gifting > Create Gifts from the Navigation menu.
    • Click Create New on the Gifting List View.
  2. Complete the Gifting Create Form. See Field Descriptions for information about each field. Fields that have an asterisk (*) are required; you must enter data in the field to save the record.
  3. Click Save to save the record and view its detail page, or click Cancel .

Display a list of Gifting records

Click Estate Planning > Gifting > View Gifts.
The Gifting List View displays.

Display the details for a Gifting record

Click the Gift name in the Gifting List View.
The Gifting Detail View displays.

Edit gift information

  1. Access the Gifts Edit View by doing one of the following:
    • Click Edit in the Gifting Detail View.
    • Click the edit icon (pencil) associated with the Gifting record in the Gifting List View.
  2. Update the gift information. See Field Descriptions for information about each field.
  3. Click Save to update the record.

Suppress one or more Gifting records

  1. In the Gifting List View, click the Selection box associated with the record(s) you want to suppress.
  2. Click Suppress.
    A confirmation box displays.
  3. Click OK.
    The records are suppressed.

You can also suppress a single Gifting record by clicking Suppress on the Gifting Detail View.

Update information related to multiple gifts

  1. In the Gifting List View, click the Selection box associated with the records you want to update.
  2. Click Mass Update in the Actions dropdown.

For more information, see Editing and suppressing multiple records.

Duplicate gifting information

Click Duplicate in the Gifting Detail View. Duplication is a convenient way of creating a similar gift. You can change and save the information in the duplicate record to create a new record.

Find and merge duplicate records

Follow the instructions in Merging duplicate records.

Export records

  1. In the Gifting List View, click the Selection box associated with the records you want to export.
  2. Click Export in the dropdown and follow the instructions in Exporting data.

Field Descriptions

Fields that have an asterisk (*) are required; you must enter data in the field to save the record.

Gift*

Describe the Gift. This is a mandatory field.

Gift Recipient

Enter the name of the person who received the gift.

Contact

Click the Contact on the Contacts Popup List View (displays upon clicking the Selection arrow) or on the list of Contacts matching the character(s) you enter.

Client

Click the Client on the Clients Popup List View (displays upon clicking the Selection arrow) or on the list of Clients matching the character(s) you enter.

Date of Gift*

Click on the Date Selector to choose the date the gift was given. This is a mandatory field.

Gift Value*

Enter the cash value of the gift. This is a mandatory field.

709 Required

Click the checkbox if a federal gift tax form is required (Form 709).

Date 709 Filed

Click on the Date Selector to choose the date the Form 709 was filed.

Date Crummey Notice Sent

Click on the Date Selector to choose the date a Crummey Notice was sent to the beneficiaries of a trust informing them of a gift to the trust and their withdrawal rights.

Description

Enter additional details about the gift.

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