For trusts, a Distribution is a payment made to the Trust Beneficiaries.
In CAS 360, Distributions can be added to Discretionary Trusts.
|From the Main Toolbar, go to Trust||
|Select the Trust from the list.||
And select Add Distribution
CAS 360 will display the Add Discretionary Distribution screen.
Date of the Distribution
|Currency||The Currency the Distribution is paid in|
|Distribution Type||Select either $ or %.|
If selecting Distribution by %, ensure the final Totally Combined % equals 100%
Click to add the beneficiary receiving the distribution
Under Beneficiaries, begin typing the Beneficiary's name. CAS 360 will begin searching the Global Contact screen for the contact.
|Dividends - Franked||
Enter the Dividend Income amount
|Dividends - Unfranked||Enter the Dividend Income amount|
|Gross Interest||Enter the Interest Income amount|
|Other Income||Enter the amount of other Income|
|Total||The total sum of the income amounts entered for the beneficiary.|
Click to add another column. Users can select from up to 24 tax return components.
Click to Delete a Beneficiary from the screen
- Declaration of Distribution Minute/Resolution
- Listing of Distribution Paid
- Distribution Statement
- Cover Letter