7 More Family Office Resources:

• Section 1031 Exchange Family Office Definition: Section 1031 Exchange Section 1031 Exchange definition:  IRS code section 1031 allows for the exchange of like-kind properties and deferral of capital gains tax. For example, a highly appreciated rental property ...
• Section 7520 Rates Family Office Definition: Section 7520 Rates Section 7520 Rates definition:  Section 7520 rates are defined monthly by the IRS and based on US Treasury securities' rates.   The 7520 rate is used to calculate the ...
• Exchange Funds Family Office Definition: Exchange Funds Exchange Funds definition:  Exchange funds permit owners of concentrated stock positions to exchange their concentrated positions for units of a more diversified fund. Capital gains are not eliminated, but ...
• Up-Front Cash Sale Family Office Definition: Up-Front Cash Sale Up-Front Cash Sale definition:  When business owners sell ownership in their family business in exchange for cash up-front.  As opposed to an earn-out sale, the business owners' compensation ...
• Private Annuity Trust Family Office Definition: Private Annuity Trust Private Annuity Trust definition:  A private annuity contract is not purchased from an insurance company. Instead, an asset is exchanged for lifetime income with a family member.  This ...
• Futures Contract Family Office Definition: Futures Contract Futures Contract definition:  A futures contract is an agreement to purchase a commodity or other financial instrument.  The terms of the contract specify the price, quantity, and a date ...
• Cash Value Life Insurance Policy Family Office Definition: Cash Value Life Insurance Policy Cash Value Life Insurance Policy definition:  A cash value life insurance policy includes a tax-deferred investment component. See the definitions for whole life insurance, universal life ...