7 More Family Office Resources:

• Generation-Skipping Trust Family Office Definition: Generation-Skipping Trust Generation-Skipping Trust definition:  A trust established to provide income for the next generation (children), while the skip generation (grandchildren) are beneficiaries of the trust principal.  The trust is set ...
• Incentive Trust Family Office Definition: Incentive Trust Incentive Trust definition:  With an incentive trust, the beneficiaries must meet certain requirements established in the trust agreement in order to receive distributions from the trust. For example, the ...
• 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 ...
• Employee Trust Family Office Definition: Employee Trust Employee Trust definition:  An employee trust is established by an employer (grantor) for the benefit of employees (beneficiaries). See the definition for Employee Stock Option Plans for an example ...
• Blind Trust Family Office Definition: Blind Trust Blind Trust definition:  With a Blind Trust, beneficiaries are not made aware of the trust assets, and the trustee maintains full control of trust management. The purpose of a ...
• Qualified Personal Residence Trust Family Office Definition: Qualified Personal Residence Trust Qualified Personal Residence Trust definition:  (QPRT) transfers your residence to beneficiaries at your death or after a specified number of years.  The residence is held by an ...
• Rolling Grantor Retained Annuity Trust Family Office Definition: Rolling Grantor Retained Annuity Trust Rolling Grantor Retained Annuity Trust definition:  A rolling grantor retained annuity trust is a strategy of successive investments in GRATs (see grantor retained annuity trust defintion) ...