System and method for determining a distributed net income (dni) of a trust
OwnerJack R. Bristerinventor
Life of this patent
Estimating the term…
Abstract
A method for determining a distributed net income (DNI) of a trust. The method comprises obtaining one or more information, wherein the one or more information includes at least a general trust information, a beneficiary information, and a financial data information related to an income from trust's assets. Further, the method comprises determining a net income of the trust's assets, a net realized rate of return, and a pre-defined year taxable income from the financial data information. Furthermore, the method comprises determining the DNI of the trust, using the net income of the trust's assets.
Claims20
A method for determining a distributed net income (DNI) of a trust, the method comprises:
- obtaining one or more information, wherein the one or more information includes at least general trust information, beneficiary information, and financial data information related to an income from trust's assets;
- determining a net income of the trust's assets, a net realized rate of return, and a pre-defined year taxable income based on the obtained one or more information;
- and
- determining the DNI of the trust, based on the net income of the trust's assets.
A system for determining a distributed net income (DNI) of a trust, the system comprising:
- means for obtaining one or more information, wherein the one or more information includes at least a general trust information, a beneficiary information, and a financial data information related to an income from trust's assets;
- means for determining a net income of the trust's assets, a net realized rate of return, and a pre-defined year taxable income based on the obtained one or more information;
- means for determining the DNI of the trust, based on the net income of the trust's assets.
Dependencies are inferred from the claim text.