Getting started with Wealth Transfer & Estate Visualization

Wealth Transfer & Estate Visualization lets advisors and family office teams map who owns what across trusts, entities and individuals, and show how assets move at death or under a planned transfer. Planners model strategies such as grantor retained annuity trusts and charitable lead annuity trusts with the assumptions written down, and compare them side by side. Every illustration is reviewed before it reaches the family, and the attorneys and tax advisers who give legal and tax advice keep that role.

What it is for

For high-net-worth families, the estate plan lives in a stack of trust instruments, entity documents and attorney memos, and the picture of how it all fits together is a diagram someone drew once in presentation software. When a GRAT matures, an asset is sold or a beneficiary changes, the diagram is out of date. Projections of transfer taxes and remainder values are built in spreadsheets with assumptions that are hard to see, and different advisers to the same family work from different versions.

• Trust and entity diagrams are drawn by hand and go stale
• Projections hide their assumptions inside spreadsheets
• Comparing strategies side by side means rebuilding the model each time
• Attorneys, tax advisers and the family see different versions of the plan

Who uses it

• Wealth planners and advisors at private banks, trust companies and RIAs
• Single- and multi-family office teams
• Estate attorneys and tax advisers who collaborate on a family's plan
• Compliance teams who review client-facing illustrations
• Families who want to understand their own plan

Before you start

• Your organization licenses Wealth Transfer & Estate Visualization from Moraph.
• A Moraph client account in that organization, signed in.
• Access to Wealth Transfer & Estate Visualization in Moraph Apps, given by an administrator in the Moraph Portal under People and access.
• For setup: the product administrator role.

Steps to get started

1. Sign in at app.moraph.com with your Moraph account.

2. Open Wealth Transfer & Estate Visualization from the launcher. The first time anyone opens it, its workspace is created from the default described in Workspace reference.

3. Check your role: what you can see and do depends on it. See Roles and permissions.

4. Product administrators: work through Set up Wealth Transfer & Estate Visualization before your team starts.

5. Everyone else: start with Everyday tasks.

Where to go next

• Set up Wealth Transfer & Estate Visualization
• Everyday tasks
• Connect your systems
• Security, data and compliance
• Troubleshooting and the support guide
• Product overview on moraph.com