When calculating joint mortality, Voyant will normally assume simultaneous death and that the estate of the eldest client passes to the estate of the younger, inclusive of the Nil Rate Band transfer, before being taxed and then distributed. This assumption is made provided that alternative estate distribution arrangements have not been entered on the Estate Plans screen.
A special setting is available, however, for cases where clients have a predeceased clause in their wills or if they live in a jurisdiction where this is assumed. You will find this setting in Preferences (the cog icon top-left) > Plan Preferences (to the right side of the preferences screen) > Calculation Settings > “Assume predeceased upon simultaneous death” (as shown right).
Plan Preferences vs. System Preferences
Changes to this setting on the mirror Calculation Settings panel in System Preferences, on the left side of the screen, will be used only going forward, as you create new client cases. System Preferences are used as a template only for new client cases. Changes to System Preferences will not retroactively affect your existing client cases.
If you want to change this preference in any existing client cases, you will need to open and edit them individually, in each case's Plan Preferences.
