Special Bequest vs. Reserve Fund?

Submitted by bulgmaf on Tue, 01/31/2017 - 10:44

Tags:

Instructions in the software state that some users use the Reserve Fund section to account for leaving money to heirs. How does the software treat this vs. Special Bequests in the Estate section? Not sure which to use...

Comments

dan royer

Tue, 01/31/2017 - 10:47

Permalink

In "bequest" the assumption

In "bequest" the assumption is that this money (the bequest) needs to be available in any year, including the current year. This could raise your need for life insurance. Pushing reserve fund to the last year would of course mean that this amount of money you might have in the last year would not necessarily be there next year or five years from now.

Subscribe to RSS feed

Disclaimer: The suggestions and recommendations provided by Economic Security Planning, Inc.'s software tools and planning services do not constitute financial or investment advice. The creators of Economic Security Planning's software are not certified, registered, authorized, or any other form of financial planners. Economic Security Planning, Inc. is not an investment adviser registered with the U.S. Securities and Exchange Commission or any state securities agency, is not a registered broker-dealer and maintains no other regulatory credentials associated with the management of financial assets. Economic Security Planning, Inc. does not guarantee that the suggestions and recommendations derived from its software tools and planning services will necessarily achieve a secure economic plan. Like any software products, Economic Security Planning, Inc.'s software tools may have errors in its underlying code, and the assumptions about the future that it makes and that users input may prove false. In addition, output from the software tools and planning services may incorporate data obtained from third parties and such data (including any calculations that is based on such data) is provided on an “as is” basis. From time to time the output may contain errors that may be based upon, among other things, human data entry, aggregation and decompilation of data, processing of data through third party calculation engines and other processes that can give rise to errors. The company's financial plans and recommendations, including all of such plans and recommendations provided by its direct planning services, should be viewed as suggestive and informative educational inputs into your financial decision-making. None of our products or services recommend the purchase of specific financial products.

Design by Zymphonies

ESPlanner

Special Bequest vs. Reserve Fund?

Comments

In "bequest" the assumption

Your Living Standard

Help and Support

Learn More

Recent Press Articles

Case Studies

Other Products