7 More Family Office Resources:

• 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 ...
• Political Deduction Family Office Definition: Political Deduction Political Deduction definition:  The political deduction allows unlimited property to be transferred to an IRS-approved political organization through a will or gift without being subject to gift or estate ...
• Medical Deduction Family Office Definition: Medical Deduction Medical Deduction definition:  The medical deduction allows unlimited payment of medical expenses without being subject to gift or estate taxes if paid directly to the medical provider (and not ...
• 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 ...
• Education Deduction Family Office Definition: Education Deduction Education Deduction definition:  The educational deduction allows donors to pay tuition if paid directly to the educational institution (not the student) without being subject to gift or estate taxes. ...
• Business Expense Deduction Family Office Definition: Business Expense Deduction Business Expense Deduction definition:  Business Expense Deduction reduce taxable income for business-related expenses. Deductible expenses include transportation, lodging, meals, and car rentals when travelling for business purposes.  Home offices ...
• Qualified Terminable Interest Property Trust Family Office Definition: Qualified Terminable Interest Property Trust Qualified Terminable Interest Property Trust definition:  A qualified terminable interest property trust (QTIP) a type of marital trust that provides lifetime income to a surviving spouse. ...