7 More Family Office Resources:

• Personal Property Family Office Definition: Personal Property Personal Property definition:  Personal property includes financial accounts, patents, jewelry, art and collectibles, and household items. Download our free Family Office Report to learn more about the family office industry. Read more ...
• 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. ...
• A/B Trust Family Office Definition: A/B Trust A/B Trust definition:  An A/B trust consists of two trusts -- an A trust and B trust.  The A/B trust's purpose is to allow both spouses to transfer assets to ...
• Gift Splitting Family Office Definition: Gift Splitting Gift Splitting definition:  Gift splitting is a tax rule that allows a married couple to split a gift's value in half so that each married spouse is eligible to ...
• Credit Shelter Trust Family Office Definition: Credit Shelter Trust Credit Shelter Trust definition:  A credit shelter trust transfers a deceased person's assets to beneficiaries, meanwhile the surviving spouse maintains rights to those assets (and the income generated) ...
• Generation-Skipping Trust Family Office Definition: Generation-Skipping Trust Generation-Skipping Trust definition:  A trust established to provide income for the next generation (children), while the skip generation (grandchildren) are beneficiaries of the trust principal.  The trust is set ...
• Generation-Skipping Transfer Tax Family Office Definition: Generation-Skipping Transfer Tax Generation-Skipping Transfer Tax definition:  Assets transferred to generations two or more below the deceased person are subject to additional taxes if the amount exceeds the allowable exemption.  For ...