7 More Family Office Resources:

• Retained Interest Family Office Definition: Retained Interest Retained Interest definition:  With a QPRT, the grantor retains the right to occupy the residence before the trust expires. The grantor has retained interest in the property. With a ...
• 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 ...
• 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 ...
• Life Insurance Policy Family Office Definition: Life Insurance Policy Life Insurance Policy definition:  Life insurance policies are a contract with an insurance company to pay a benefit upon the death of the policy owner. Beneficiaries receive policy ...
• Charitable Giving With a Life Insurance Policy Family Office Definition: Charitable Giving With a Life Insurance Policy Charitable Giving With a Life Insurance Policy definition:  Charitable giving with a life insurance policy donates the entire death benefit to a charity. The ...
• Joint Whole Life Insurance Policy Family Office Definition: Joint Whole Life Insurance Policy Joint Whole Life Insurance Policy definition:  A joint whole life insurance policy insures a group of individuals. The surviving policy owners are paid when the first ...
• What are Estate Taxes? Question: What are Estate Taxes? Answer: Taxes, especially those taxes that can be a burden on other generations are an issue that family offices will often take care of for their family clients and try to ...