Copyright 2007, CCH, A Wolters Kluwer Business. All Rights

ACS 90085478 (9/07)

Copyright 2007, CCH, A Wolters Kluwer Business. All Rights Reserved.

This "Participant's Guide" may not be reproduced or redistributed without

advance written permission from CCH, A Wolters Kluwer Business.

Copyright 2007

CCH, A Wolters Kluwer Business CCH ViewPlan Advanced Training Page 2

Lesson 2

“Quick, Simple Workflow Example”

This “Participant’s Guide is one Component of

“Introduction To CCH ViewPlan”

There are four lessons in the “Introduction To CCH ViewPlan”

training course. You should take them in consecutive order.

Each lesson has both a Participant’s Guide and an audio file (MP-3).

In order to take this lesson you will need the audio file as well as this

Participant’s Guide.

You will also need a copy of CCH ViewPlan loaded on your PC.

If you do not own CCH ViewPlan software,

Call a CCH sales rep at (800) 224-7477, extension 4622 or 4643 to

obtain a ViewPlan license

Copyright 2007


Introduction to ViewPlan Training

• Overview & Objectives– Class designed to

• Introduce new ViewPlan users to components and function of the Software

• Describe and practice common actions and best practices

– Upon completion, students should be able to use ViewPlan

• Materials & Methodology– Participants need

• MP-3 playback capability (e.g.. Windows Media Player)

• Participant’s Guide (printed)

• ViewPlan software (installed)

– Combination of audio lecture and hands-on exercises in live software• Audio classes – MP-3 files

– Listen to instructor’s lecture

– Periodically stop audio to complete hands-on exercises in live ViewPlan

• Participant’s Guide

– Illustrates instructor’s lecture

– Step by step instructions for hands-on exercises

– Take notes in white space

• Classes & Contents– Lesson 1- Introduction & “Quick Calculators”

• Basic vocabulary of ViewPlan

• Simple calculation of “Advanced Transfers”

– Lesson 2 - Quick, Simple Workflow Example • All the steps of using ViewPlan in very simple example

– Lesson 3 - Estate Details, Plans, Reports• Looking more closely at the major modules of ViewPlan

– Lesson 4 – Additional Features• Setting “Preferences”

• Annotating Reports

• Importing & Exporting data

• Etc.

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Course Objectives

• Upon Completion Lesson 1, you will know:– How to navigate through ViewPlan software.

– How to create and share client information and databases.

– How to quickly calculate the results of “Advanced Transfers”.

• Upon Completion Lesson 2, you will know:

– How to enter and edit client data..

– How to view and interpret basic Reports.

– How to set up and view comparisons of “Plans”.

– How to create client presentations

• Upon Completion Lesson 3, you will know:– How to enter and edit detailed client data.

– How to create “Plans”.

– How to edit “Plans”.

– How to find additional Reports.

– How to create your own Report Groups for use in Presentations.

• Upon Completion Lesson 4, you will know:– How to set up and view calculation audit trail.

– How to set user preferences.

– How to embellish reports with explanations and custom notes.

– How to export client information to and from ViewPlan databases

– How to obtain further help in using ViewPlan.

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Lesson 2


• Quick, Simple Case

– Create Client

– Exercise 1 – Create Client

– Estate Details

• Quick Plan View

– Exercise 2 – Enter Estate Details – Assets

– Exercise 3 – Enter Estate Details - Beneficiaries

– Automatic Plans

– Basic Reports

– Exercise 4 – Look at Basic Reports, Plans 1 & 2

– Comparisons

– Exercise 5 –Create Comparison

– Client Presentation

– Exercise 6 –Run a Client Presentation

• Review

Copyright 2007


Quick, Simple Workflow Example

The Exercise

• Quickly and simply – Calculate clients’ potential estate tax liability

• If they both live to average age

• And make no changes

– Calculate clients’ potential estate tax liability

• If they engage us for estate planning

– Set up an A-B trust

– Compare the two potential situations

– Prepare “Client Presentation”

• To communicate to the clients the benefits of estate planning

The Facts

• Clients are married

– Client born in 1965

– Spouse born in 1968

– In good health

• 2 Beneficiaries

– One child & one grandchild

• Net worth $4,000,000

– Jointly held assets: $3,600,00

• Anticipated growth 6%

– Wife’s Business: $400,000

• Anticipated growth 7%

• “All to spouse” wills

• No estate planning

• No prior gifts

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ViewPlan Workflow

• Create Client– Clients Module

• Enter Client information– Estate Details Module

• Create Plans– Baseline

– “What if ---?”

• Crunch numbers– Run Plan simulations

– Analyze Reports

– Compare Plans

– Determine recommendations

• Create Client Presentation– Print on high quality paper

– Share with client

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Exercise 1 - Create Client

• Create a new client

– Click on Clients Icon

– Clients Dialog Box

• Click “Add” button

• Select “Type”

– Married

• Fill in information

– Names

– Dates of birth

» Year is important

» Client – 1965

» Spouse - 1968

– State of residence

– US Citizen ?

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Exercise 2 - Estate Details - Assets page 1

• Estate Details

– Definition of Client’s circumstances

– For this client, we will only need to define:

• Net worth (2 Assets)

• Beneficiaries

– Click on Estate details Icon

– Select “Quick Plan View

• To enter summary information on about client

• Further details may be added later

– Click on Assets & Liabilities

– Select Primary Assets

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Exercise 2 - Estate Details - Assets page 2

• Enter a Cash Asset• Click “Add” button

• Select “Type”

– Cash

• Fill in current value

• Fill in growth rates

• Enter a Business asset• Click “Add” button

• Select Type – Business Interest

• Fill in Name

• Fill in current value

• Select Owner

• Fill in growth rates

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Exercise 3 - Estate Details - Beneficiaries

• Beneficiaries

– From Estate Details box, select “Beneficiaries and Distributions”

• Enter one “Child” and one “Grandchild”

– Click “Add” button

– Select “Type”

– Fill in information

• Name

• Date of birth

• “Projections”

– Note year of death

– Other tabs specify distribution

• From both estates, QTIP

• Default is equal distribution to all beneficiaries

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Plans & Reports

• Plans

– ViewPlan automatically creates 3 “Plans”

• Plan 01

– “All To Spouse” will

– Normal actuarial dates of death

– No “Advanced Transfer”

• Plan 02

– “Optimum Marital”

» All to surviving spouse except amount equal to unified credit



• Plan 03

– “No Marital”

» Nothing to surviving spouse



– Select a Plan from plan box in navigation control

– ViewPlan will compute estate tax liability

• Reports

– Reports communicate results of computations

• Default report is Flow Chart

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Basic Reports

• Basic Reports – Communicate the estate tax results of a Plan

– There are 3 styles of Basic Reports

• Flow Chart

• Graph Report

• Calculations Report

– When a Plan is selected, the Flow Chart displays

– Other Report styles are selected using the report style icons

– Flow Chart

– Graph Report

– Calculations Report

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Flow Charts

• Flow Chart shows property flow & taxes at each death– Top boxes show estate values at first death

• Lower figure is net after administrative expenses

– Middle box

• First figure is value after first death

• Lower figure is value at second death

– Bottom box shows amount passing to beneficiaries

• After tax is paid

– Green arrows indicate tax free transfers

– Red arrows indicate tax is being paid

– At the bottom is a detail of taxes

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Graph and Calculations Reports

• Graph Report is pie chart – Showing distribution of entire estate

• Federal tax

– Estate Tax

– Retirement income tax

– GST Tax

• State Tax

• Administration expenses

• Charity

• Heirs

• Calculations Report shows details– For each death

• Assets

• Probate

• Administration Expenses

• Deductions and discounts

• Taxable gifts

• Taxes

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Exercise 4 - Plans & Reports

• Run the “ATS” Plan

– Use the Plan selection “Navigation

control” box to select “Plan 01”, the

All to Spouse plan

– The Flow Chart will appear in the

workspace

– Select the other two styles using the

icons circled in the illustration

– How much tax will they pay if they

don’t set up a Bypass Trust?

• Run the “OM” Plan

– Use the Plan selection “Navigation

control” box to select “Plan 02”, the

Optimum Marital plan

– The Flow Chart will appear in the

workspace

– How much tax will they pay if they do set

up a Bypass Trust?

– What additional boxes have appeared?

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Exercise 5 – Create Comparison Reports

• Comparisons

– Click on Comparisons icon on sidebar

– Select plan to compare

• Compare any 2 or 3 plans

– Select Plan; Click “Add” button

– Three styles

• Graph

• Calculations

• Details

• Exercise 5

– Create several Comparison Reports

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Client Presentations

• The Product• High quality printed work product

• Communicates your recommendations to client

• Incorporates Reports from some of your Plans

– You select which Reports & which Plans

• The Process

– Using the Client Presentations Wizard:

• Choose the reports to communicate plans to clients

– Reports are organized in “Report Groups”

» Users can create their own Report Groups

• Choose the Plans you want to share with the Clients

– Usually “Baseline” and one or more “Recommendations”

• Create Comparison Reports

– Unlimited number

– Calculations or Graph styles

• Set printing order & display options for all Reports

• Select Cover Page and page numbering options

• View Client Presentation

– Use “Print Preview” icon

• Print

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Exercise 6 – Presentation Wizard page 1

• Client Presentations Wizard

– Click on Presentations icon

on sidebar

– Click on “Add” button

• Name Presentation

• Select Group of Reports to include

– Select “Basic Charts”

• Click on “Next” button

– Select Plans to include

in Presentation

• Select Plan 01 and Plan 02

• Use “Add” button to include


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• Client Presentations Wizard (continued)

– Comparisons

• Click on “Create Report” Button

– Select Plans

– Click on “Add” button

– Choose style

– Click “OK”

• Repeat for as many comparisons as desired

– Create one Graph style

– Create one Calculation style

• Preview of report will appear


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• Client Presentations Wizard (continued)

– Printing order and display options

– Cover page & page numbering options

• Click on “Finish Button”

– You will return to the Presentations start box

• Click on “View”

• The Presentation will appear in the workspace with all pages stuck together like one long report

• Use “Print Preview” icon to see Presentation as separate pages

• Print


• Move Reports to change

page order

• “Exclude” any report

– It will not appear in

Presentation


Copyright 2007


Quick, Simple Case

• Create New Client

• Estate details

• Assets

• Beneficiaries

• Automatic Plans

• 1 All to Spouse

• 2 Optimum Marital

• Basic Reports

• For each Plan

• Comparisons

• Client Presentation

Copyright 2007


Review of Lesson 2


• Quick, Simple Case

– Create Client

– Exercise 1 – Create Client

– Estate Details

• Quick Plan View

– Exercise 2 – Enter Estate Details – Assets

– Exercise 3 – Enter Estate Details - Beneficiaries

– Automatic Plans

– Basic Reports

– Exercise 4 – Look at Basic Reports, Plans 1 & 2

– Comparisons

– Exercise 5 –Create Comparison

– Client Presentation

– Exercise 6 –Run a Client Presentation

• Review

Documents

Copyright 2007, CCH, A Wolters Kluwer Business. All Rights