7 More Family Office Resources:

• Taxable Estate Family Office Definition: Taxable Estate Taxable Estate definition:  The taxable estate is the gross estate less attorney and administrative settlement fees (funeral and other deductible expenses).  Martial deductions and charitable deductions reduce the value ...
• Gross Estate Family Office Definition: Gross Estate Gross Estate definition:  The gross estate is the net worth (assets less liabilities) of the estate before taxes. The gross estate includes all real and personal property owned by ...
• Probate Estate Family Office Definition: Probate Estate Probate Estate definition:  The probate estate refers to the portion of an estate that must go through the probate process. These assets were not set up to avoid probate. Download ...
• Estate Tax Family Office Definition: Estate Tax Estate Tax definition:  A tax placed on the value of a deceased person's taxable estate before distributions are made.  Assets transferred to spouses or charities are generally exempt from ...
• Augmented Estate Family Office Definition: Augmented Estate Augmented Estate definition:  In community property or common law states, the surviving spouse is expected to receive at least one third of the augmented estate, which includes assets left ...
• Deferral and Installment Payment of Estate Taxes Family Office Definition: Deferral and Installment Payment of Estate Taxes Deferral and Installment Payment of Estate Taxes definition:  Family businesses may qualify for IRS code section 6166 which allows deferring estate taxes for a ...
• Retained Life Estate Family Office Definition: Retained Life Estate Retained Life Estate definition:  Real estate placed in a life estate is ultimately donated to a charitable organization after death, while you retain the right to occupy the ...