7 More Family Office Resources:

• Revocable Life Insurance Trust Family Office Definition: Revocable Life Insurance Trust Revocable Life Insurance Trust definition:  A revocable life insurance trust (RLIT) is a trust funded with proceeds from a life insurance policy. As the name implies, these ...
• Revocable Trust Family Office Definition: Revocable Trust Revocable Trust definition:  A revocable trust can be modified or revoked through a restatement (or an amendment). Download our free Family Office Report to learn more about the family office industry. Read ...
• Living Trust Family Office Definition: Living Trust Living Trust definition:  A living trust is created and funded during the grantor's lifetime. (As opposed to a testamentary trust, which is created following a grantor's death.)  The grantor ...
• 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. ...
• Irrevocable Trust Family Office Definition: Irrevocable Trust Irrevocable Trust definition:  A trust becomes irrevocable once the grantor is deceased. The terms of the trust cannot be altered, and the trustee must follow the trust document.  An ...
• Grantor Trust Family Office Definition: Grantor Trust Grantor Trust definition:  see living trust definition for more information. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What is grantor ...
• Living Will Family Office Definition: Living Will Living Will definition:  see advance directive definition for more information. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What is living ...