Unitrax® Estate Module
The Unitrax® Estate module can significantly improve the way your company processes estate accounts, by removing many of the manual procedures and streamlining your estate processing. It is designed to help your customer service department identify critical estate information faster, reducing errors and enhancing customer satisfaction.
Here is a short list of how the Unitrax Estate module can improve your existing estate services:
- New estate screens and functionalities automatically guide the user through the workflow necessary when registering an estate investor
- Automatic warnings prompt the user to close any systemic plans existing on an estate account
- Users can automatically generate tax slips at yearend, on settlement, immediately or during each year until settlement
- Tax slips can be generated for single or multiple beneficiaries, enabling the user to choose specific beneficiaries for tax slips
- Fair market value of the account is calculated and stored automatically at date of death
- Users can override the system-calculated market value and settlement values in the event of errors
- Users can reverse receipts/transactions if they were processed in error
- Authority codes enable you to restrict users who can process specific estate functions for an account
The Unitrax Estate module can systemically generate a variety of tax slips as part of the estate processing. These include:
- T4RSP/R2RSP
- T4LIF/R2LIF
- T4RIF/R2RIF
- NR4B (registered non-resident accounts)
The Unitrax Estate module is also able to automatically generate new exceptions reports, including:
- Outstanding Estate Slip Generation report
- Reconciliation report
- Pending Estates
- Form Exception
- An Address Exception Report
