Patent ID: 7383216

Claim:
A process for assisting trust beneficiaries and trustees in deciding whether to convert an irrevocable trust to a proposed total return unitrust comprising: a. evaluating and classifying each asset in the existing irrevocable trust, and determining the allocation of assets; b. selecting a period for which the comparison is desired; c. determining the tax rates of the income beneficiaries; d. determining or identifying the current trust fees; e. selecting a constant rate of income and appreciation for each asset class; f. selecting among constant rates, real rates and real rates in fabricated order for purposes of comparison; g. selecting each asset value, asset class and allocation of assets in the proposed trust; h. selecting proposed trust fees; i. selecting a payer of the proposed trust's capital gains; j. selecting payout rate of the proposed trust; k. selecting an averaging period for the proposed trust; l. calculating gains or losses of each asset; m. determining the total current year payout as a percent; n. applying the payout % to the prior year-end balance to determine what the current year payout should be; o. selecting a basis for comparison among possible outcomes of steps (g) and (l), holding other factors constant; and p. generating a visual comparison.