7 More Family Office Resources:

• Testator Family Office Definition: Testator Testator definition:  The testator is the person that died and left a will. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What ...
• Estate Family Office Definition: Estate Estate definition:  Estate refers to the assets (and liablities) owned by a deceased person before they are distributed. Download our free Family Office Report to learn more about the family office industry. Read ...
• Skip Person Family Office Definition: Skip Person Skip Person definition:  The younger recepient triggering a generation-skipping transfer tax is referred to as the "skip person." For example, a grandchild receiving assets from a grandparent. Any non-spouse ...
• Estate Split Family Office Definition: Estate Split Estate Split definition:  An estate split ignores the marital deduction available to surviving spouses to inherit all assets free of estate taxes. Instead of joint ownership between spouses, tentants ...
• 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 ...
• Residuary Estate Family Office Definition: Residuary Estate Residuary Estate definition:  After the estate pays all taxes, fees, and gifts/distributions, the residuary estate is the remainder. The resicuary estate may be addressed through a pour-over will or ...
• Augmented Estate Family Office Definition: Augmented Estate Augmented Estate definition:  In community property or common law states, the surviving spouse is expected to receive at least one third of the augmented estate, which includes assets left ...