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Add a GIC

Add a GIC that existed at the date of death as an inventory asset. This article walks through the steps and explains what is recorded.

Original Asset

  1. Open your file.

  2. Go to Estate Accounting.

  3. Select the Assets tab.

  4. Click Add New.

  5. Set Inventory Type to Asset and Asset Type to GIC.

  6. Confirm the asset is recorded as a Date of Death asset — do not select "acquired during administration."

  7. Enter the currency, book value, ownership (e.g., sole, joint, tenants in common), and an optional description.

  8. Click Save.

Current Asset

  1. Open your file.

  2. Go to Estate Accounting › Assets.

  3. Click Add New.

  4. Set Inventory Type to Asset and Asset Type to GIC.

  5. Select the Asset acquired during administration checkbox.

  6. Enter the paid from account, transaction date, value, and an optional description.

  7. Click Save.

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