7 More Family Office Resources:

• 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 ...
• Income Annuity Family Office Definition: Income Annuity Income Annuity definition:  see the definition for immediate 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 ...
• Pooled Income Fund Trust Family Office Definition: Pooled Income Fund Trust Pooled Income Fund Trust definition:  Pooled income fund trusts are deductible; therefore reducing income and estate taxes. A pooled income fund is set up by a charitable ...
• Family Income Rider Family Office Definition: Family Income Rider Family Income Rider definition:  A family income rider is a death benefit option for life insurance to compensate beneficiaries for the monthly income amount of the deceased family ...
• Life Income Distribution Option Family Office Definition: Life Income Distribution Option Life Income Distribution Option definition:  A life income option allows regular payments to be made to beneficiaries for their lifetime (with the amount calculated based on their ...
• Charitable Deduction Family Office Definition: Charitable Deduction Charitable Deduction definition:  The charitable deduction allows property to be transferred to an IRS-approved charity through a will or gift without being subject to gift or estate taxes. Lifetime ...
• Charitable Remainder Trusts Family Office Definition: Charitable Remainder Trusts Charitable Remainder Trusts definition:  (CRT) Charitable remainder trusts are deductible; therefore reducing income and estate taxes. They are not tax-exempt; beneficiaries must pay income tax on income received ...