7 More Family Office Resources:

• Contingent Beneficiary Family Office Definition: Contingent Beneficiary Contingent Beneficiary definition:  A contingent beneficiary does not receive assets unless something happens to the primary beneficiary. Their interests in the property are subordinate to the primary beneficiary. Download our ...
• Absolute Beneficiary Family Office Definition: Absolute Beneficiary Absolute Beneficiary definition:  An absolute beneficiary is an irrevocable beneficiary that cannot be changed without written consent from said beneficiary. An absolute beneficiary may be named on trusts, life ...
• Beneficiary Family Office Definition: Beneficiary Beneficiary definition:  The Beneficiary is the recipient of assets and may include multiple persons. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What ...
• Beneficiary Designation Family Office Definition: Beneficiary Designation Beneficiary Designation definition:  Beneficiary Designation refers to the act of naming one or more individuals (or charities) to be recepients of your assets upon your death. Download our free Family Office ...
• Per Stirpes Designation Family Office Definition: Per Stirpes Designation Per Stirpes Designation definition:  When one beneficiary is deceased, their portion is transferred to their heirs, rather than redistributed to any other beneficiaries named. For example, your son ...
• Special Needs Trust Family Office Definition: Special Needs Trust Special Needs Trust definition:  A special needs trust is established to care for a disabled person.  The beneficiary cannot have any control over the assets or directly receive ...
• Disclaimed Property Family Office Definition: Disclaimed Property Disclaimed Property definition:  Disclaimed property is unwanted or refused by the beneficiary. The beneficiary may disclaim property to avoid taxes or expenses associated with the inheritance. A will should ...