7 More Family Office Resources:

• Installment Distribution Option Family Office Definition: Installment Distribution Option Installment Distribution Option definition:  An installment option allows regular payments to be made to beneficiaries over a fixed period of time. Download our free Family Office Report to learn more ...
• 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 ...
• September 30th Required Minimum Distributions Family Office Definition: September 30th Required Minimum Distributions September 30th Required Minimum Distributions definition:  When a retirement account has multiple beneficiaries, the oldest beneficiary's age is used to calculate life expectancy required minimum distributions. ...
• Excess Accumulation Penalty Family Office Definition: Excess Accumulation Penalty Excess Accumulation Penalty definition:  The excess accumulation penalty is owed to the IRS for any retirement account owner or beneficiary of inherited accounts that fails to take the ...
• Deferred Annuity Family Office Definition: Deferred Annuity Deferred Annuity definition:  A deferred annuity does not pay the account holder until a later date. The account grows tax-free during an accumulation phase, until payments begin during a ...
• Default Method Family Office Definition: Default Method Default Method definition:  Default method is an IRS calculation of distributions to U.S. beneficiaries of foreign non-grantor trusts that can be treated as current-year income for tax purposes. Instead ...
• 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 ...