Vanilla Rolls Out Estate Plan Visualizer
The tool, Scenarios, enables advisors to visualize potential federal and state estate tax mitigation strategies in real time.
Vanilla announced Wednesday the launch of a new estate plan visualization and evaluation tool called Vanilla Scenarios.
The tool enables advisors to visualize potential federal and state estate tax mitigation strategies in real time, according to the firm’s announcement. Advisors can layer multiple strategies onto existing plans and customize the details of each strategy, including changes to their client’s state of residency or beneficiaries.
This approach to modeling allows advisors to showcase the potential impact of each scenario, the firm explains, providing clients with actionable insight and recommendations for meaningful planning improvements.
Advisor users of the tool will initially have the ability to layer a grantor retained annuity trust (GRAT), a spousal lifetime access trust (SLAT), an irrevocable life insurance trust (ILIT) and a qualified personal residence trust (QPRT) upon a client’s existing estate plan. More strategies will be added throughout the year.
The tool will further help advisors and clients visualize the potential impact of future events, such as the estate tax exemption sunset in 2026, the death of a spouse or the sale of a large asset on net beneficiaries and estate tax liability.
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