GEMS (Gillett Estate Management Suite)

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• Ease of navigation, design of interface and learning curve*****
• Instructional documentation and help system ****
• Carries out the goal of the product as advertised *****
• Overall usefulness *****

The Gillett Estate Management Suite (GEMS) automates the preparation of federal estate and gift tax returns, fiduciary accountings and certain state estate tax returns and accountings through separate modules for each, integrated into a single software package. The modules, which are sold separately, include:

GEM706 prepares all the schedules that comprise the Form 706, posts data from the schedules to other areas of the Form 706 and enables you to otherwise complete the Form 706, including special use value through Schedule A-1. It assists in the entry of asset items by permitting you to transfer information from accounts prepared by the included GEMAcct fiduciary accounting module and federal gift tax returns prepared by the included GEM709. GEM706 also automatically computes the optimum marital legacy, where appropriate.

The program includes state death tax modules for Conn, Ill. (2009), Ind., Md., Mass., N.J., N.Y., Ohio, Pa. and Wash. It has the ability to bring the state death tax deduction forward to the Form 706 from the state module you prepare.

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