Add liabilities

Add Liabilities

How to add a liability:

• Enter liabilities via the Estate tab by clicking the "+ Create" button in the upper right corner and selecting "Add holdings."

• Click the radio toggle "Liability or receivable"

• Fill out the details of the liability or receivable

  • Lender and debtor are not required to add the liability.

  • Optionally add liability payment details to enable an automatic drawdown of the liability overtime based on the payment frequency and term start date.

  • Adding liabilities payment details enable more accurate waterfall projections. All liabilities are assumed to be paid in full at first death, but providing payment details will give you a more accurate year over year waterfall calculation in the years prior to first death.