Recompute Unitrust Payments
The Recompute Unitrust Payments routine computes and records new payment amounts for each charitable remainder unitrust that it updates. It also increments the Annual Valuation Date stored in each unitrust's Gift Information window by one year.
The new payment amount for a unitrust equals the market value stored for the unitrust multiplied by the unitrust payout rate and divided by the number of payments made per year.
Net income unitrusts, net income unitrusts with a makeup provision, and pre-flip flip unitrusts
Recompute Unitrust Payments does not take into account net income or makeup provisions when making its calculations. Payment amounts for net income unitrusts, net income unitrusts with a makeup provision, and pre-flip flip unitrusts should be determined outside of GiftWrap. These payments should then be revised manually in GiftWrap, as necessary, to account for the affect of net income or makeup provisions.
You can use a custom filter, if you wish, to exclude unitrusts with any of the above payment provisions from the computations of Recompute Unitrust Payments.
1. Before you run Recompute Unitrust Payments, for each unitrust, enter the market value on which to base payment amounts in the current year that will occur after the unitrust's annual valuation date. You can either enter these market values manually in the General tab of each gift's Gift Information page or import them from a file.
2. Click Payments > Recompute Unitrust Payments.
3. Enter selection and sort criteria to choose the unitrusts whose payment amounts you wish to recompute, and then click OK. There is help available on each field.
If you want Recompute Unitrust Payments to recompute payment amounts for standard charitable remainder unitrusts only, enter the following custom filter in the Custom filter box:
gift.subtype = 'S'
If you get an error log, see Notes below.
4. Click 
to close the page.
Notes:
· The new payment amounts replace the ones stored in the Payment Schedule for each unitrust. The new annual valuation date is recorded in each unitrust's Gift Information page in the Ann Val Date field on the Trust / Term / PIF tab.
· Use the log window to troubleshoot any errors in your data. The log indicates the person key and the Gift Key to identify the gift along with a brief explanation of the problem.
You can print the error log or save the log in a file that you can print or review later. Click Continue and go to the next step in the procedure.