7 More Family Office Resources:

• Irrevocable Trust Family Office Definition: Irrevocable Trust Irrevocable Trust definition:  A trust becomes irrevocable once the grantor is deceased. The terms of the trust cannot be altered, and the trustee must follow the trust document.  An ...
• A-trust Family Office Definition: A-trust A-trust definition:  Same as a revocable marital trust. An A-trust is the surviving spouse's share of an A/B trust.  See A-trust for more information. Download our free Family Office Report to learn ...
• Credit Shelter Trust Family Office Definition: Credit Shelter Trust Credit Shelter Trust definition:  A credit shelter trust transfers a deceased person's assets to beneficiaries, meanwhile the surviving spouse maintains rights to those assets (and the income generated) ...
• Bypass Trust Family Office Definition: Bypass Trust Bypass Trust definition:  Another term used for Credit Shelter Trust and Exemption trust. See those definitions for more information. Download our free Family Office Report to learn more about the family ...
• A/B Trust Family Office Definition: A/B Trust A/B Trust definition:  An A/B trust consists of two trusts -- an A trust and B trust.  The A/B trust's purpose is to allow both spouses to transfer assets to ...
• Non-Marital Trust Family Office Definition: Non-Marital Trust Non-Marital Trust definition:  see credit shelter trust definition for more information. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What is ...
• Exemption Trust Family Office Definition: Exemption Trust Exemption Trust definition:  An exemption trust is irrevocable and avoids estate taxes on trust assets held by a married couple. The trust is funded from the first spouse's estate. ...