This section discusses how to setup and manage Beneficiaries, this is done from the Trusts Grid by right clicking on a trust, going to trust details, and going to the sub menu Related Details, then selecting Beneficiaries.
Selecting the Beneficiaries option from the right click menu will display the Beneficiaries screen to the user, the Beneficiaries screen is shown below.
From this screen the user can add, edit or delete Beneficiaries for the selected trust.
To add a Beneficiary the use can click on the add Beneficiaries button to be presented with the following screen.
From this screen the user can either select a beneficiary from the drop down list or they can check the Non Entity option to enter the name of the beneficiary if the beneficiary is not a contact in enVisual. The user can then select the type of beneficiary, the percentage or amount this beneficiary will receive, the vesting age for this beneficiary, the relationship to the settlor and any notes that the user wants to enter about this beneficiary. Once all this information is correctly entered, the user can click the OK button to add the beneficiary.
From the beneficiaries screen the user can view all historic beneficiaries by pressing the beneficiary history button, the beneficiary history screen is shown below.
From this history screen the user can see how many changes have been made to a specific beneficiary, to view all the changes for a beneficiary the user can select the beneficiary and then press the examine beneficiaries button or simply double click on the beneficiary. The beneficiary changes screen is show below.
To view all the details of each change to the beneficiary the user can select the change version and press the examine beneficiaries button or double click on the change version. Viewing the change versions will display the following screen.
To delete a beneficiary, the user can select the beneficiary from the beneficiaries screen and press the delete beneficiaries button.