What's new at Luminary: June update

Supercharged scenario analysis

Now you can compare the outcomes of up to four estate waterfalls. This powerful enhancement enables you to:

• Layer on stages of your proposed strategy and demonstrate the projected outcomes of each planning event.
• Model and compare the outcomes of additional planning ideas to help clients understand the cumulative impacts of strategies over time.
• Provide your clients with actionable insights and recommendations supported by easy-to-understand visuals showcasing the depth of your analysis.
• Share the dynamic link with your client, where they can toggle through variables to see the impact on all four estate plan structures, or download the PDF.

See it in action

Recurring hypothetical transfers enabling forward-looking projections

A common request from customers has been to model hypothetical transfers out into the future, such as annual exclusion gifting to children over multiple years, or repayments of loans. Now with our newest enhancements, you can:

• Model recurring transfers across multiple years, with the option to model a growth rate.
• Add, view, and manage all hypothetical transfers on a single screen, streamlining modifications and revision of proposed strategies.

See it in action

Customized your Estate Waterfall views

We've added new features to Luminary's waterfall that make even the most complex estate structures easier to understand and convey to your client.

• Filter by entity: Choose which entities to include or exclude from your clients' waterfalls to create custom views. Select individual entities, or group-select all entities that are in-estate, out of estate (family), or out of estate (charity).
• Recalculate estate tax automatically, based on the displayed entities only.

See it in action

New life insurance death benefit display

Life insurance death benefits are now more easily identifiable, shown with a diagonal pattern in the bar chart to illustrate the value that comes from the death benefit payout(s). Hover over the segment to see the total death benefit figure.

Summarize wills with Luminary AI

Uploaded will documents will now be summarized according to a specialized template, highlighting three main sections:

1. Estate administration details
2. Specific bequests, and
3. Residuary estate information.

Let us know which document types you'd like custom templates for next!

⚡️ Customer spotlight

This month, we welcomed an array of new members to the Luminary ecosystem, including the family office of a prominent investment firm. This highly strategic family office got started using Luminary AI, and immediately sped up their process for auditing trust documents. A VP at the family office has been delighted with her experience so far, noting that it was fun to watch the family enterprise come together within minutes, and to see how Luminary AI can simplify dozens of pages of trust documents into clear bullet points. Luminary has already shaved hours from their review workflow.