7 More Family Office Resources:

• Stretch IRA Provision Family Office Definition: Stretch IRA Provision Stretch IRA Provision definition:  The stretch IRA provision beneficiaries of an inherited IRA to name second- and third-generation beneficiaries, so that the inherited IRA keeps providing for multiple ...
• Stretch Annuity Family Office Definition: Stretch Annuity Stretch Annuity definition:  A stretch annuity allows an extended period of distributions for beneficiaries, possibly income for life. The flexibility allows better tax planning and longer period of tax ...
• September 30th Required Minimum Distributions Family Office Definition: September 30th Required Minimum Distributions September 30th Required Minimum Distributions definition:  When a retirement account has multiple beneficiaries, the oldest beneficiary's age is used to calculate life expectancy required minimum distributions. ...
• 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 ...
• Taxable Account Family Office Definition: Taxable Account Taxable Account definition:  Taxable accounts are good candidates for leaving to heirs because the holdings are stepped up in basis at the date of death.  Heirs will not be ...
• Legacy Annuity Family Office Definition: Legacy Annuity Legacy Annuity definition:  see the definition for stretch annuity for more information. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What ...
• 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 ...