Add Discretionary Trust Distributions

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Details

For trusts, a Distribution is a payment made to the Trust Beneficiaries.

In CAS 360, Distributions can be added to Discretionary Trusts.

Navigation 

From the Main Toolbar, go to Trust 

Screen_Shot_2019-06-24_at_2.45.23_pm.png

Select the Trust from the list.

Screen_Shot_2019-06-24_at_2.45.57_pm.png

Select Beneficiaries Screen_Shot_2019-06-24_at_2.46.27_pm.png
 

Click Screen_Shot_2019-06-24_at_2.47.02_pm.png

And select Add Distribution

Instructions

CAS 360 will display the Add Discretionary Distribution screen.

Date Declared

Date of the Distribution

Currency The Currency the Distribution is paid in
Distribution Type Select either $ or %.

If selecting Distribution by %, ensure the final Totally Combined % equals 100%

Click Screen_Shot_2019-06-24_at_2.49.57_pm.png to add the beneficiary receiving the distribution

Screen_Shot_2019-06-24_at_2.51.53_pm.png

Columns

Beneficiaries

Under Beneficiaries, begin typing the Beneficiary's name. CAS 360 will begin searching the Global Contact screen for the contact.

Dividends - Franked

Enter the Dividend Income amount

Dividends - Unfranked Enter the Dividend Income amount
Gross Interest Enter the Interest Income amount
Other Income Enter the amount of other Income
Total The total sum of the income amounts entered for the beneficiary.

Click Screen_Shot_2019-06-24_at_2.53.48_pm.png to add another column. Users can select from up to 24 tax return components.

Click Screen_Shot_2019-06-24_at_2.53.17_pm.png to Delete a Beneficiary from the screen

Click  or Screen_Shot_2019-06-24_at_2.54.52_pm.png

Forms Prepared

  • Declaration of Distribution Minute/Resolution
  • Listing of Distribution Paid
  • Distribution Statement
  • Declaration of trust

 

  • synced-from-confluence
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