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 ...
• 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 ...
• Charitable Gift Annuity Family Office Definition: Charitable Gift Annuity Charitable Gift Annuity definition:  An owner transfers assets directly to a charitable organization for an immediate income tax deduction and lifetime annuity payments to the donor or beneficiary.  ...
• Charitable Lead Trusts Family Office Definition: Charitable Lead Trusts Charitable Lead Trusts definition:  (CLT) Charitable lead trusts are deductible; therefore reducing income and estate taxes. They are not tax-exempt.  A charitable organization receives annual income from the ...