7 More Family Office Resources:

• Witnessed Will Family Office Definition: Witnessed Will Witnessed Will definition:  A witnessed will meets the requirements by the state regarding witness signatures. Download our free Family Office Report to learn more about the family office industry. Read more Family ...
• Payable-On-Death Accounts Family Office Definition: Payable-On-Death Accounts Payable-On-Death Accounts definition:  Payable-on-death accounts include bank or credit union accounts (i.e. checking, savings, certificates of deposit, savings bonds). These accounts can be distributed to named beneficiaries upon the ...
• Death Tax Clause Family Office Definition: Death Tax Clause Death Tax Clause definition:  The death tax clause in a will names the accounts from which all related death taxes are to be paid. Download our free Family Office ...
• Transfer-On-Death Accounts Family Office Definition: Transfer-On-Death Accounts Transfer-On-Death Accounts definition:  Transfer-on-death accounts includes investment accounts (i.e. stocks, bonds, and mutual funds) and in some states, vehicles and real estate property. These assets can be transferred to ...
• Holographic Will Family Office Definition: Holographic Will Holographic Will definition:  A holographic will is not witnessed and is signed only by the person drafting the will. This type of will may not be legally valid. Download our ...
• Guaranteed Death Benefit for Annuity Family Office Definition: Guaranteed Death Benefit for Annuity Guaranteed Death Benefit for Annuity definition:  When the annuity account holder dies before receiving any payments, the guaranteed death benefit pays the beneficiary the higher of ...
• Skip Person Family Office Definition: Skip Person Skip Person definition:  The younger recepient triggering a generation-skipping transfer tax is referred to as the "skip person." For example, a grandchild receiving assets from a grandparent. Any non-spouse ...