Administrative costs are calculated by a percentage of all property within the federal taxable estate. The administrative costs are apportioned among the property held by each disposition instrument, after any specific gifts have been distributed.
By default, the platform applies a rate of 0.5%, and this can be adjusted or removed to reflect a client's specific situation.
How to Adjust Administrative Costs
You can update the estimated administrative costs directly within the client’s profile settings by following these steps:
Select the specific client profile.
Click on Client Settings in the top right of the screen.
Select the Federal Estate Tax Assumptions tab from the left-hand navigation menu.
Locate the Estimated Administrative Costs field and enter your preferred percentage.
Select Save Changes
