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Understanding Taxable Estate Categorization in EstateFlow

EstateFlow uses a specific set of rules to determine whether an asset is considered "inside" or "outside" the estate of the client. The system looks at what the asset is, who owns it, and how it is structured.

Inside the Client's Taxable Estate:

  • Any assets directly owned by the client

  • Any assets owned by a revocable trust where the client is the trust creator (grantor)

  • Assets owned by entities where the ultimate owner is the member / spouse.

  • Any assets that are jointly owned by the client. In this case, the portion owned by the client is included in their taxable estate.

Outside the Client's Taxable Estate:

  • Generally speaking, any Irrevocable Trusts where the client is the trust creator will be considered outside the taxable estate.

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