Create an Option to Purchase

 How do I create an option to purchase?

There are two ways to create an option to purchase depending on whether you are gifting the property Absolute or in Trust.

If gifting absolute:

1. Add a real estate asset on the Assets tab.
2. Navigate to the Scenarios tab and select a scenario.
3. Click the Initial Gift bar to reveal more details.
4. Select the real estate asset you wish to gift from the “Remaining Assets/Balance of Estate” list and drag and drop it into the “Drop assets here” box.
5. Choose Absolute, click the line to select your beneficiaries, and fill out the remaining fields.
6. To create the option to purchase, under Conditions, click "+Add" and select "Deduct value from Beneficiary's share". Specify the details of the OTP.
7. Click “Add” in the bottom corner to add your gift to the system.

If gifting in trust:

1. Add a real estate asset on the Assets tab.
2. Navigate to the Scenarios tab and select a scenario.
3. Click the Initial Gift bar to reveal more details.
4. Select the real estate asset you wish to gift from the “Remaining Assets/Balance of Estate” list and drag and drop it into the “Drop assets here” box.
5. Choose Trust, click the line to select your beneficiaries, and fill out the remaining fields.
6. To create the option to purchase, click the "Allow option to purchase" box. Specify the details of the OTP.
7. Click “Add” in the bottom corner to add your gift to the system.