7 More Family Office Resources:

• SIMPLE IRA Family Office Definition: SIMPLE IRA SIMPLE IRA definition:  A SIMPLE IRA is a tax-deferred retirement savings vehicle for self-employed or small (family) businesses.  SIMPLE stands for Savings Incentive Match Plan for Employees of Small ...
• 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 ...
• Required Minimum Distributions Family Office Definition: Required Minimum Distributions Required Minimum Distributions definition:  Required minimum distributions are calculated (using fair market value and life expectancy) and applied to the owners of traditional, SEP, and SIMPLE IRAs at ...
• 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 ...
• Testamentary Trust Family Office Definition: Testamentary Trust Testamentary Trust definition:  A testamentary trust is created after a death. (As opposed to a living trust which is created during the grantor's lifetime.) Download our free Family Office Report to ...
• Estate Trust Family Office Definition: Estate Trust Estate Trust definition:  An estate trust is a type of marital trust that provides discretionary income to a surviving spouse.  Principal and income are transferred to the estate of ...
• 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 ...