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Author Topic:   Separating files in one entity into two new entities
Virgil F. Blank
Member 		posted 01-06-2003 10:53 PM     Click Here to See the Profile for Virgil F. Blank     Edit/Delete Message
A joint trust must be separated into two new trusts by dividing assets between them. Can I save the joint trust to two new individual trust entities, and perform Start a New Year in each new trust to eliminate the income and expense amounts? Can the Account Balances then be selected and used in each trust to eliminate the assets not assigned to that trust and to eliminate balances carried in the joint trust equity section? Will the total assets in each new trust be automatically totalled in a new Beginning Equity account?

I have never tried this before and would like to know if it would be feasible.

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