7 More Family Office Resources:

• 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 ...
• Absolute Beneficiary Family Office Definition: Absolute Beneficiary Absolute Beneficiary definition:  An absolute beneficiary is an irrevocable beneficiary that cannot be changed without written consent from said beneficiary. An absolute beneficiary may be named on trusts, life ...
• 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 ...
• 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 ...
• 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 ...