7 More Family Office Resources:

• Marital Deduction Family Office Definition: Marital Deduction Marital Deduction definition:  The marital deduction allows unlimited property to be transferred to a spouse through a will or gift without being subject to gift or estate taxes.  Once ...
• General Power-of-Appointment Marital Trust Family Office Definition: General Power-of-Appointment Marital Trust General Power-of-Appointment Marital Trust definition:  A general power-of-appointment marital trust is a type of marital trust that provides lifetime income to a surviving spouse. The surviving spouse ...
• Non-Marital Trust Family Office Definition: Non-Marital Trust Non-Marital Trust definition:  see credit shelter trust definition for more information. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What is ...
• 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. ...
• Estate Trust Family Office Definition: Estate Trust Estate Trust definition:  An estate trust is a type of marital trust that provides discretionary income to a surviving spouse.  Principal and income are transferred to the estate of ...
• Exemption Trust Family Office Definition: Exemption Trust Exemption Trust definition:  An exemption trust is irrevocable and avoids estate taxes on trust assets held by a married couple. The trust is funded from the first spouse's estate. ...
• Qualified Domestic Trust Family Office Definition: Qualified Domestic Trust Qualified Domestic Trust definition:  A qualified domestic trust (QDOT) allows a spouse that is not a U.S. citizen to benefit from the marital deduction afforded to most U.S. ...