7 More Family Office Resources:

• Probate Family Office Definition: Probate Probate definition:  Probate is the legal process by which the state court determines the legal validity of a will, assigns an executor or administrator for an estate, transfers ownership of ...
• Executor Family Office Definition: Executor Executor definition:  The executor is the overseer of the deceased affairs. It is their responsibility act as a fiduciary and to follow the deceased person's will and distribution of assets. ...
• Inter Vivos Gifts Family Office Definition: Inter Vivos Gifts Inter Vivos Gifts definition:  Inter vivos gifts are gifts made during a lifetime with the purpose to reduce the taxable estate. In order to qualify, the donor cannot ...
• Transfer Fax Family Office Definition: Transfer Fax Transfer Fax definition:  Transfer taxes can come in the form of estate taxes, gift taxes, or generation-skipping transfer taxes. An estate plan addresses methods to minimize these taxes to ...
• Administrator Family Office Definition: Administrator Administrator definition:  When an executor is not named or fails to meet state requirements, probate court will assign an administrator who acts in the same capacity as an executor. Download our ...
• Expatriate Gifts or Bequests Family Office Definition: Expatriate Gifts or Bequests Expatriate Gifts or Bequests definition:  The recipient may be taxed on gifts or bequests received from expatriates (U.S. citizens that reside abroad).  Multi-national families should take consideration ...
• Estate Plan Family Office Definition: Estate Plan Estate Plan definition:  An estate plan outlines the orderly distribution of your personal assets following your death. The plan may include caring for children, preserving wealth, minimizing taxes and ...