7 More Family Office Resources:

• Charitable Lead Unit Trust Family Office Definition: Charitable Lead Unit Trust Charitable Lead Unit Trust definition:  A charitable organization receives annual income from the trust, reducing the grantor's taxable income by the amount donated to charity. The annual ...
• Charitable Remainder Annuity Trust Family Office Definition: Charitable Remainder Annuity Trust Charitable Remainder Annuity Trust definition:  (CRAT)  The beneficiary receives income from the trust for a specificied period of time (their lifetime or fixed term of less than ...
• Charitable Lead Trusts Family Office Definition: Charitable Lead Trusts Charitable Lead Trusts definition:  (CLT) Charitable lead trusts are deductible; therefore reducing income and estate taxes. They are not tax-exempt.  A charitable organization receives annual income from the ...
• Charitable Gift Annuity Family Office Definition: Charitable Gift Annuity Charitable Gift Annuity definition:  An owner transfers assets directly to a charitable organization for an immediate income tax deduction and lifetime annuity payments to the donor or beneficiary.  ...
• Grantor Retained Annuity Trust Family Office Definition: Grantor Retained Annuity Trust Grantor Retained Annuity Trust definition:  Grantor retained annuity trust (GRAT) is an irrevocable trust that pays a fixed dollar amount (annuity payment) to the grantor for a ...
• Charitable Remainder Unit Trust Family Office Definition: Charitable Remainder Unit Trust Charitable Remainder Unit Trust definition:  (CRUT)  The beneficiary receives income from the trust for a specificied period of time (their lifetime or fixed term of less than ...
• Private Annuity Trust Family Office Definition: Private Annuity Trust Private Annuity Trust definition:  A private annuity contract is not purchased from an insurance company. Instead, an asset is exchanged for lifetime income with a family member.  This ...