Estate Valuations & Pricing Systems is proud to announce the release of EstateVal 8.1.0, included in the latest version of EVP Office. The new version offers unparalleled control over how estates are priced and gives deeper insight into portfolio dividends, among many other features and fixes.
Primary vs. Composite Pricing
EstateVal 8.1.0 introduces an industry exclusive: the ability to select if your reports are valued using primary-exchange or composite prices. (Primary prices come solely from the exchange where a security is “primarily dealt,” while composite prices are a calculated value from across multiple exchanges that trade the instrument.)
Over the years, many EVP clients have explicitly asked for one or the other, depending on their preference and interpretation of the tax code. To date, the IRS itself has not stated a definitive interpretation of the Regulation.
Which is why the new version of EstateVal offers a choice. “Primary” mode will always return primary-exchange prices. “Composite” mode will always return composite. “Default” mode follows EVP’s best practices, and is the right choice for most clients.
(For more details, please see Primary and Composite Exchange Pricing in EstateVal.)
No other estate valuation software offers this level of control or compliance with your company or firm’s valuation policies.
Enhanced Dividend Reporting
EstateVal 8.1.0 also adds “dividend notes.” These are informational items that are included next to dividends on reports if they are noteworthy in some way.
For instance, particular stocks issue particular dividends that owe Canadian taxes. Previously, EstateVal would include the dividend and properly add the value into the estate’s total, but not give an indication that there may be a special circumstance regarding additional obligations. Now, along with the dividend, the report might include “U.S. funds subject to 15% Canadian non-resident tax,” to let you know that our neighbors to the north expect to hear from you. If a dividend is to be treated as capital gains (which are taxed at a different rate than normal cash dividends), EstateVal will now let you know. If a dividend is paid on post-tax money, EstateVal will now let you know.
EstateVal 8.1.0 includes another dividend improvement, as well: any conversion between the currency the dividend is denominated in and the currency of the security is now documented on the report. For example, if a security denominated in British pounds pays a dividend in Hong Kong dollars, 8.1.0 will show the conversion between HKD and GBP, along with the exchange rate, before the whole security is converted to US dollars.
All this is added to our already unique ability to access dividends on foreign securities and properly convert them to US dollars. Only EstateVal gives this level of detail and accuracy with all dividends, domestic and foreign.
Features and Fixes
EVP Office 8.1.0 also includes over twenty other new features and bug fixes, to all its applications: CostBasis, CapWatch and GiftVal, in additional to EstateVal. It’s the best version of the software ever, and we encourage you to install it today.
If you have any questions or comments about pricing or dividends or anything else in the new EstateVal — or have an idea for the next version — please don’t hesitate to let us know at firstname.lastname@example.org.