7 More Family Office Resources:

• Gift Causa Mortis Family Office Definition: Gift Causa Mortis Gift Causa Mortis definition:  A gift causa mortis transfers ownership at a later date as a conditional gift of the donor's anticipated death, while an inter vivos gift ...
• Gift of Equity Family Office Definition: Gift of Equity Gift of Equity definition:  A gift of equity occurs when property is sold to a family member for less than market value.  The difference between market value and ...
• Gift Tax Family Office Definition: Gift Tax Gift Tax definition:  A gift tax is applied to the giver rather than the receiver. The receiver does not pay income tax on the gift transfer, but is liable ...
• Charitable Gift Annuity Family Office Definition: Charitable Gift Annuity Charitable Gift Annuity definition:  An owner transfers assets directly to a charitable organization for an immediate income tax deduction and lifetime annuity payments to the donor or beneficiary.  ...
• Unified Credit Family Office Definition: Unified Credit Unified Credit definition:  An IRS federal tax credit for lifetime gifts that exceed the annual gift exclusion amount.  A tax credit taken when a gift is made is subtracted ...
• 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 ...
• Marital Deduction Family Office Definition: Marital Deduction Marital Deduction definition:  The marital deduction allows unlimited property to be transferred to a spouse through a will or gift without being subject to gift or estate taxes.  Once ...