7 More Family Office Resources:

• Stop-Loss Order Family Office Definition: Stop-Loss Order Stop-Loss Order definition:  The purpose of a stop-loss order is to limit downside price risk exposure.  When a stock price reaches the stop price, the stock is sold. Stop ...
• Take-Profit Order Family Office Definition: Take-Profit Order Take-Profit Order definition:  The purpose of a take-profit order is to capture stock price appreciation.  When a stock price reaches the take-profit price, the stock is sold. Take-profit order ...
• 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 ...
• Inter Vivos Gifts Family Office Definition: Inter Vivos Gifts Inter Vivos Gifts definition:  Inter vivos gifts are gifts made during a lifetime with the purpose to reduce the taxable estate. In order to qualify, the donor cannot ...
• Incentive Trust Family Office Definition: Incentive Trust Incentive Trust definition:  With an incentive trust, the beneficiaries must meet certain requirements established in the trust agreement in order to receive distributions from the trust. For example, the ...
• 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 ...
• Incident of Ownership Family Office Definition: Incident of Ownership Incident of Ownership definition:  For tax purposes, incident of ownership is important to determine whether an asset is included as part of a taxable estate. This commonly applies ...