Adding holdings to Estateably is a two-part process— first, the holding account (i.e. an Investment Account) needs to be created, and then the holdings within can be added.
Follow the steps below to complete the process.
1. Adding the holding account
Begin by adding an asset of the type Deceased Investment Account to the Inventory if you are working on an estate, or Investment Account if you are handling a trust. Enter the following details:
- Date of death value (for an estate);
- Current value;
- Ownership (and, if jointly owned, ownership percentage);
- Purchase price (optional);
- Account type (chequing, savings, etc.);
- Holding institution;
- Branch details of the holding institution (optional);
- Estates only: Indicate whether the item passes through or outside of the estate;
- Estates only: Indicate whether the account has been bequeathed to a specific beneficiary/beneficiaries
Then, save the item.
2. Adding the holding (GICs, stocks, mutual funds, etc.)
Once the Investment Account is created, you can click on the three-dot menu, and choose "View holdings" in the drop-down list.
In the top-right corner of the page, choose Add Holdings.
You can select from the following asset classes:
- Accrued interest
- Guaranteed Investment Certificates
- Mutual funds
Based on the asset class you choose, you can enter related details about the holding.
Additionally, for relevant asset classes, you can leverage Estateably's live ticker search by searching for the ticker symbol and selecting it in the drop-down list. It will automatically populate the date of death price, the current price, and will calculate the relevant conversions if necessary.
Note: If you have already associated a value to the account, the moment you add a single holding to the account, that initial “container” level value will be overwritten by the value of that newly added holding.
If you are still having difficulties, please create a support ticket by emailing firstname.lastname@example.org, or wait for a response if you've already created one.
If you've created a support ticket but solved your issue using this article, please let us know by responding to the follow-up email.
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