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7 More Family Office Resources:

• Foreign Non-Grantor Trust Family Office Definition: Foreign Non-Grantor Trust Foreign Non-Grantor Trust definition:  Special taxes are applied to distributions from a foreign non-grantor trust to a U.S. beneficiary. The current year income and appreciation are taxed, as ...
• How does a family office management fee work? Question: How does a family office management fee work? Answer: Family offices are compensated in different ways and amounts, but the family office management fee is one method for charging their clients based on the ...
• Foreign Trust Family Office Definition: Foreign Trust Foreign Trust definition:  A foreign trust that is located "offshore" (no U.S. fiduciaries or court supervision) is not subject to U.S. income taxes. While the foreign trust itself is ...
• Assets Under Management Family Office Definition: Assets Under Management Assets Under Management definition:  Assets Under Management (AUM) is the method by which most family offices are paid by their clients. The client receives all-inclusive, comprehensive services and pays ...
• Per Capita at Each Generation Designation Family Office Definition: Per Capita at Each Generation Designation Per Capita at Each Generation Designation definition:  When one beneficiary is deceased, their portion is transferred to their heirs, rather than redistributed to any other ...
• Required Minimum Distributions Family Office Definition: Required Minimum Distributions Required Minimum Distributions definition:  Required minimum distributions are calculated (using fair market value and life expectancy) and applied to the owners of traditional, SEP, and SIMPLE IRAs at ...
• Clifford Trust Family Office Definition: Clifford Trust Clifford Trust definition:  A Clifford Trust refers to transferring income-producing assets into a trust for beneficiaries to benefit from the income. When the trust expires at the end of ...