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 ...
• Probate Estate Family Office Definition: Probate Estate Probate Estate definition:  The probate estate refers to the portion of an estate that must go through the probate process. These assets were not set up to avoid probate. Download ...
• Life Insurance Policy Family Office Definition: Life Insurance Policy Life Insurance Policy definition:  Life insurance policies are a contract with an insurance company to pay a benefit upon the death of the policy owner. Beneficiaries receive policy ...
• 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. ...
• Community Property Family Office Definition: Community Property Community Property definition:  Community property states recognize property acquired by individuals during the course of marriage as belonging to both marriage partners. The laws vary by state, but typically ...
• Tenancy by Entirety Family Office Definition: Tenancy by Entirety Tenancy by Entirety definition:  When property is owned jointly by a married couple and upon death, the property rights of the deceased are transferred to the spouse.  Similar ...
• Tenants in Common Family Office Definition: Tenants in Common Tenants in Common definition:  When two or more persons own property and upon death, the property rights are transferred to the heirs of the deceased, rather than to ...