7 More Family Office Resources:

• Beneficiary Family Office Definition: Beneficiary Beneficiary definition:  The Beneficiary is the recipient of assets and may include multiple persons. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What ...
• Primary Beneficiary Family Office Definition: Primary Beneficiary Primary Beneficiary definition:  The primary beneficiary is the first in line to receive assets. It can include more than one person with percentages designated for each beneficiary. Download our free ...
• Contingent Beneficiary Family Office Definition: Contingent Beneficiary Contingent Beneficiary definition:  A contingent beneficiary does not receive assets unless something happens to the primary beneficiary. Their interests in the property are subordinate to the primary beneficiary. Download our ...
• Absolute Beneficiary Family Office Definition: Absolute Beneficiary Absolute Beneficiary definition:  An absolute beneficiary is an irrevocable beneficiary that cannot be changed without written consent from said beneficiary. An absolute beneficiary may be named on trusts, life ...
• Trustee Family Office Definition: Trustee Trustee definition:  The trustee is the administrator of the trust for the benefit of the recipient (or beneficiary). Download our free Family Office Report to learn more about the family office industry. Read ...
• Beneficiary Designation Family Office Definition: Beneficiary Designation Beneficiary Designation definition:  Beneficiary Designation refers to the act of naming one or more individuals (or charities) to be recepients of your assets upon your death. Download our free Family Office ...
• Income Tax Family Office Definition: Income Tax Income Tax definition:  Income taxes are assessed on estates producing annual income over the basic income exclusion amount, similar to individuals.  The executor of the estate files an income ...