7 More Family Office Resources:

• Contingent Beneficiary Family Office Definition: Contingent Beneficiary Contingent Beneficiary definition:  A contingent beneficiary does not receive assets unless something happens to the primary beneficiary. Their interests in the property are subordinate to the primary beneficiary. Download our ...
• Primary Beneficiary Family Office Definition: Primary Beneficiary Primary Beneficiary definition:  The primary beneficiary is the first in line to receive assets. It can include more than one person with percentages designated for each beneficiary. Download our free ...
• Beneficiary Family Office Definition: Beneficiary Beneficiary definition:  The Beneficiary is the recipient of assets and may include multiple persons. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What ...
• Beneficiary Designation Family Office Definition: Beneficiary Designation Beneficiary Designation definition:  Beneficiary Designation refers to the act of naming one or more individuals (or charities) to be recepients of your assets upon your death. Download our free Family Office ...
• Per Stirpes Designation Family Office Definition: Per Stirpes Designation Per Stirpes Designation definition:  When one beneficiary is deceased, their portion is transferred to their heirs, rather than redistributed to any other beneficiaries named. For example, your son ...
• Disclaimed Property Family Office Definition: Disclaimed Property Disclaimed Property definition:  Disclaimed property is unwanted or refused by the beneficiary. The beneficiary may disclaim property to avoid taxes or expenses associated with the inheritance. A will should ...
• Life Income Distribution Option Family Office Definition: Life Income Distribution Option Life Income Distribution Option definition:  A life income option allows regular payments to be made to beneficiaries for their lifetime (with the amount calculated based on their ...