7 More Family Office Resources:

• Revocable Living Trust Family Office Definition: Revocable Living Trust Revocable Living Trust definition:  A revocable living trust is funded while the trustor is living. Benefits of revocable living trusts are that they are not subject to probate, ...
• 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 ...
• A-trust Family Office Definition: A-trust A-trust definition:  Same as a revocable marital trust. An A-trust is the surviving spouse's share of an A/B trust.  See A-trust for more information. Download our free Family Office Report to learn ...
• Foreign Grantor Trust Family Office Definition: Foreign Grantor Trust Foreign Grantor Trust definition:  With a foreign revocable grantor trust, all income and appreciation that occurs while the grantor is still alive is treated as belonging to the ...
• B-trust Family Office Definition: B-trust B-trust definition:  Same as an irrevocable credit shelter trust. A B-trust is the deceased person's share of an A/B trust.  See A/B trust for more information. Download our free Family Office ...
• A/B Trust Family Office Definition: A/B Trust A/B Trust definition:  An A/B trust consists of two trusts -- an A trust and B trust.  The A/B trust's purpose is to allow both spouses to transfer assets to ...
• Abstract Of Trust Family Office Definition: Abstract Of Trust Abstract Of Trust definition:  An Abstract Of Trust is an abbreviated trust document that certifies the existence of a trust, without revealing confidential details such as beneficiaries and assets ...