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Quicken Classic for Windows
Registers & Transactions (Windows)
I'm using a quicken account for an Irrevocable Life Insurance Trust
lau
The trust has life insurance and other investments. Trust pays annual tax but then Trustee makes annual beneficiary distributions, how should those be shown in a net worth statement?
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NotACPA
Well, for starters, I'm not sure how you'd hold life insurance and investments in the same Q account.
And, since it's irrevocable, I'd suggest that this be done in a separate Q data file ... since you don't really own it anymore. At least not in the sense that you own your car or owe ON your credit cards.
lau
Showing the life insurance as cash value only.
lau
so I thought maybe set up and expense category for each beneficiary, mostly just to have a paper trail.
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