Distribute an item in-kind
Go to the Distributions section of the file.
Click Distribute Item.
Enter the date of the transaction (defaults to today).
Select the Item Type from your inventory, then select the specific asset.
Review or adjust the current market value (suggested based on the inventory value).
Select whether the distribution comes from Capital or Revenue/Income.
Select the beneficiary receiving the item. A transaction name is suggested automatically.
If the item goes to multiple beneficiaries, click + Add Beneficiary and enter each one. The allocation splits evenly by default — use the Allocation Type field to specify a different percentage or fraction.
If the transaction value is excluded from executor/trustee compensation, check the box.
Click Save.
Once saved, the transaction is automatically logged and the item is marked as Realized in inventory.
Distribute cash
Go to the Distributions section of the file.
Click Distribute Cash.
Enter the date of the transaction (defaults to today).
Select the account the cash will come from.
Select the beneficiary receiving the distribution. A transaction name is suggested automatically.
Enter the cash amount. For estate files, check the box if this distribution is a legacy gift or bequest.
Select whether the distribution comes from Capital/Principal or Revenue/Income.
Click Save.
Once saved, the transaction is automatically logged in the Accounting section.
Conclusion
Distributions are now recorded. Contact [email protected] if you need help.
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