7 More Family Office Resources:

• Educational Trust Family Office Definition: Educational Trust Educational Trust definition:  An educational trust is established to pay for the education of beneficiaries. Trust payments are made directly to the beneficiaries, who may decide to spend it ...
• Accumulation Trust Family Office Definition: Accumulation Trust Accumulation Trust definition:  Beneficiaries do not receive income from an accumulation trust until trust requirements are met. Income accumulates in the trust in the absence of withdrawals. Download our free ...
• 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 ...
• Exemption Trust Family Office Definition: Exemption Trust Exemption Trust definition:  An exemption trust is irrevocable and avoids estate taxes on trust assets held by a married couple. The trust is funded from the first spouse's estate. ...
• Foreign Trust Family Office Definition: Foreign Trust Foreign Trust definition:  A foreign trust that is located "offshore" (no U.S. fiduciaries or court supervision) is not subject to U.S. income taxes. While the foreign trust itself is ...
• Foreign Non-Grantor Trust Family Office Definition: Foreign Non-Grantor Trust Foreign Non-Grantor Trust definition:  Special taxes are applied to distributions from a foreign non-grantor trust to a U.S. beneficiary. The current year income and appreciation are taxed, as ...
• Special Needs Trust Family Office Definition: Special Needs Trust Special Needs Trust definition:  A special needs trust is established to care for a disabled person.  The beneficiary cannot have any control over the assets or directly receive ...