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From CCH Lets Planners Make Tax Assumptions, Work Faster
(RIVERWOODS, ILL., March 6, 2002) – Users of ViewPlan
estate planning software from CCH INCORPORATED (CCH), a leading
provider of tax law and financial and estate planning information and
software, are now able to address the uncertainties surrounding the
"repeal" of the estate tax in last year’s legislation and
can produce plans faster and easier as a result of a number of new
features in the program. (For additional information, call
1-800-449-8114 or visit tax.cchgroup.com.)
A new tool called the Law Builder has been added to ViewPlan so
that planners can deal with the "what-ifs" brought about by
last year’s tax legislation.
"Currently, the repeal of federal estate taxes in 2010 is
complicated further by the fact that the law changes in phases over
the decade, and the legislation that does away with the tax is itself
due to ‘sunset’ in 2011," said Gail Portugal, marketing
manager for CCH’s Federal and State Tax group. "So naturally,
estate planners should be considering a variety of scenarios that have
never before confronted the industry."
"What if repeal is made permanent, what if the law is reversed
to reflect the prior legislation, what if it’s ‘frozen’ at some
future date, and so on. With ViewPlan, the Law Builder feature
allows planners and their clients to consider almost any legislative
possibility, and compare the estate tax consequences under different
scenarios," Portugal said.
With the Law Builder, in addition to the rates specified by the
latest tax legislation, users have total freedom to specify rates and
exclusion amounts. It is also simple for users to examine scenarios
using rates prior to the 2001 tax legislation changes, to illustrate
scenarios assuming that legislation "sunsets" after 2010.
"For the foreseeable future, estate planning will involve a
lot of ‘what-if’ thinking and exploration of what might happen
given various possible legislative developments," said Portugal.
"With ViewPlan, planners will be able to respond to
whatever Congress and their clients present them with."
New Features Speed Work
Three additional new features – the Scenario Shortcuts, Quick
Plan and the CCH Client DataXchangeTM – now speed the
work of ViewPlan users.
With the Scenario Shortcuts, planners have the ability to view a
scenario and do quick "what-if" changes right in the same
scenario. At the click of a mouse, they can make revisions such as
reversing the order of deaths between the client and spouse, modifying
the tax assumptions in the Law Builder, including or excluding gifts,
and so on.
Quick Plan is a new efficiency tool that provides users with an
easy way to quickly enter details about clients’ estates. With Quick
Plan, information on multiple beneficiaries or assets can be entered
on a single dialogue screen, rather than multiple screens.
The CCH Client DataXchange makes life easier for ViewPlan
users who also use CCH Enteract ™ financial planning software
or CCH ProSysten fx® Tax, the premier tax
compliance software. Client DataXchange eliminates the need to rekey
data that has already been entered in any one of these three programs.
This means that a ProSysten fx Tax user who purchases ViewPlan
does not need to enter the names, addresses, Social Security numbers
and so on of his or her tax clients. They can all be transferred
effortlessly from the existing tax files.
ViewPlan from CCH provides practitioners with all the tools
they need to accurately calculate and effectively present estate
planning concepts to their clients. Using ViewPlan, planners
can create and view a virtually unlimited number of plans and compare
up to three alternative plans side-by-side. Plans include scenarios
such as all to spouse, no marital deduction, optimum marital
deduction, variable marital deduction and more. Each scenario has
built-in explanatory text and allows planners to append their own
ViewPlan produces colorful graphs, flowcharts, spreadsheet-like
calculation reports and easy-to-understand explanatory text that can
be arranged in customizable presentations, adaptable to virtually all
Availability and Pricing
For more information or to order CCH ViewPlan, call
1-800-449-8114 or visit the CCH website at tax.cchgroup.com.
Price for a one-year, single-user subscription is $925 plus applicable
tax, shipping and handling.
About CCH INCORPORATED
CCH INCORPORATED, headquartered in Riverwoods, Ill., was
founded in 1913 and has served four generations of business
professionals and their clients. The company produces more than 700
electronic and print products for the tax, legal, securities,
insurance, human resources, health care and small business markets.
CCH is a wholly owned subsidiary of Wolters Kluwer North America. The
CCH web site can be accessed at cch.com.
The CCH tax and accounting web site can be accessed at tax.cchgroup.com.
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