Corporate Owned Real Estate

RazorPlan utilizes the Corporate Owned Real Estate to track the value of the corporation throughout the lifespan of the clients. If the corporation owns more than one property you must group the excess properties together into the available data points.

Value: Enter the current value of any corporate owned real estate owned by the Client and/or Spouse/Partner (share ownership is defined in Share Value). Do not include the value of assets owned by a third party.

Cost base: Enter the current cost base of real estate properties. The software will utilize this amount when calculating the tax liability from an estate and net worth perspective.

Mortgage Balance: Enter the current outstanding mortgage value of real estate properties. The software will automatically pay down the mortgage based on the Interest Rate and Monthly Payment entered.

Interest Rate: Enter current interest rate associated with the client’s mortgage. This is a static rate, compounded semi-annually, that will remain until the mortgage has been reduced to zero.

Monthly Payment: The software allows for a monthly mortgage payment only. For clients who are paying weekly or bi-weekly, you will need to adjust their payments to reflect an equivalent monthly payment.

*The software will not liquidate fixed assets to help fund the client’s retirement goals. Instead, the software will calculate the retirement assets required and compare this amount to the client’s total assets. This can be seen on the Financial Assets Chart. In most cases, this allows you to look at the effect of liquidating fixed assets without the need to enter a physical liquidation. If you wish to show a downsizing/liquidation, enter the required data through the Liquidation Drill-Down .