When should I use a hotchpot?
If your client has made any loans to beneficiaries that they do not wish to forgive, and instead want that amount to come out of that individual's share of the estate, a hotchpot can be used.
How do I create a hotchpot?
- Choose a scenario and create a gift, either in the Initial Gift or Balance of Estate Section.
- Scroll down to Conditions, and change the type to Deduct prior advances.
- Enter a value in the Current amount field.
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