7 More Family Office Resources:

• Indirect Skip Family Office Definition: Indirect Skip Indirect Skip definition:  When assets are transferred through some intermediary steps from the grantor to the skip person (at least 37.5 years younger), an indirect skip has occurred, and ...
• Direct Skip Family Office Definition: Direct Skip Direct Skip definition:  When assets are transferred directly from the grantor to the skip generation (at least 37.5 years younger), a direct skip has occurred, and generation-skipping transfer taxes ...
• Generation-Skipping Transfer Tax Family Office Definition: Generation-Skipping Transfer Tax Generation-Skipping Transfer Tax definition:  Assets transferred to generations two or more below the deceased person are subject to additional taxes if the amount exceeds the allowable exemption.  For ...
• Attorney-In-Fact Family Office Definition: Attorney-In-Fact Attorney-In-Fact definition:  The person chosen to act on your behalf in a durable power of attorney document is called the attorney-in-fact. For example, this person can make gifts, sell property, ...
• Why can’t I just setup my own custom family office even if I have just $1M to manage? Question: Why can't I just setup my own custom family office even if I have just $1M to manage? Answer:  The truth is, you could set up your own custom family office with just $1 ...
• Individual Property Family Office Definition: Individual Property Individual Property definition:  Individual property is owned by just one person (one spouse) as opposed to joint or community property. Download our free Family Office Report to learn more about the ...
• Estate Family Office Definition: Estate Estate definition:  Estate refers to the assets (and liablities) owned by a deceased person before they are distributed. Download our free Family Office Report to learn more about the family office industry. Read ...