7 More Family Office Resources:

• Dower and Curtesy Family Office Definition: Dower and Curtesy Dower and Curtesy definition:  Dower and curtesy refers to the surviving spouse's right to not accept the amount provided by the deceased person's will and instead insist on ...
• Heir Family Office Definition: Heir Heir definition:  An heir is he recepient of an inheritance from a deceased person's estate. Heirs do not have to pay income taxes on their inheritance. Estate taxes are assessed ...
• Broker Family Office Definition: Broker Broker definition:  A broker sells investment securities and offers financial advice for clients. Typically, brokers are compensated with commission for transactions and offer non-discretionary accounts to clients. A Series 7 ...
• Full-Service Broker Family Office Definition: Full-Service Broker Full-Service Broker definition:  A full-service broker offers more advice and planning for clients than a discount broker. In exchange, full-service brokers typically charge a higher commission. Download our free Family ...
• Family Income Rider Family Office Definition: Family Income Rider Family Income Rider definition:  A family income rider is a death benefit option for life insurance to compensate beneficiaries for the monthly income amount of the deceased family ...
• Generation-Skipping Transfer Tax Family Office Definition: Generation-Skipping Transfer Tax Generation-Skipping Transfer Tax definition:  Assets transferred to generations two or more below the deceased person are subject to additional taxes if the amount exceeds the allowable exemption.  For ...
• Institutional Buyout Family Office Definition: Institutional Buyout Institutional Buyout definition:  An institutional buyout takes ownership of a company by outside institutional investors, such as private equity firms, venture capitalists, or ultra-high net worth investors.  The buyout ...