7 More Family Office Resources:

• Inheritance Laws Family Office Definition: Inheritance Laws Inheritance Laws definition:  Inheritance laws are state laws that govern the distribution of assets in the case of intestate deaths. Download our free Family Office Report to learn more about the ...
• Heir Family Office Definition: Heir Heir definition:  An heir is he recepient of an inheritance from a deceased person's estate. Heirs do not have to pay income taxes on their inheritance. Estate taxes are assessed ...
• Marital Trust Family Office Definition: Marital Trust Marital Trust definition:  A marital trust transfers your estate to a spouse, while also protecting the inheritance for your children.  The surviving spouse is not permitted to leave the ...
• Income in Respect of a Decendent Family Office Definition: Income in Respect of a Decendent Income in Respect of a Decendent definition:  Income in respect of a decendent is a federal income tax deduction available to beneficiaries of a traditional ...
• Disclaimed Property Family Office Definition: Disclaimed Property Disclaimed Property definition:  Disclaimed property is unwanted or refused by the beneficiary. The beneficiary may disclaim property to avoid taxes or expenses associated with the inheritance. A will should ...
• Deferral and Installment Payment of Estate Taxes Family Office Definition: Deferral and Installment Payment of Estate Taxes Deferral and Installment Payment of Estate Taxes definition:  Family businesses may qualify for IRS code section 6166 which allows deferring estate taxes for a ...
• Foreign Holding Corporation Family Office Definition: Foreign Holding Corporation Foreign Holding Corporation definition:  An international family may want to establish a foreign holding corporation to hold estate assets to reduce U.S. estate taxes.  Estate taxes are imposed ...