7 More Family Office Resources:

• Special Needs Trust Family Office Definition: Special Needs Trust Special Needs Trust definition:  A special needs trust is established to care for a disabled person.  The beneficiary cannot have any control over the assets or directly receive ...
• Taxable Estate Family Office Definition: Taxable Estate Taxable Estate definition:  The taxable estate is the gross estate less attorney and administrative settlement fees (funeral and other deductible expenses).  Martial deductions and charitable deductions reduce the value ...
• Discounts for Lack of Marketability Family Office Definition: Discounts for Lack of Marketability Discounts for Lack of Marketability definition:  The discounts for lack of marketability (DLOM) applies to the valuation of closely-held stock.  The discount may range from around ...
• Minority Discounting Family Office Definition: Minority Discounting Minority Discounting definition:  Minority discounting is a valuation method which accounts for the lack of marketability and lack of control of interests in a family business.  When minority discounts ...
• Conservation Easement Family Office Definition: Conservation Easement Conservation Easement definition:  A conservation easement is a restriction placed on the deed to property by property owners that wish to protect their land from development.  Sub-types of conservation ...
• Foreign Non-Grantor Trust Family Office Definition: Foreign Non-Grantor Trust Foreign Non-Grantor Trust definition:  Special taxes are applied to distributions from a foreign non-grantor trust to a U.S. beneficiary. The current year income and appreciation are taxed, as ...
• Fundamental Indexing Family Office Definition: Fundamental Indexing Fundamental Indexing definition:  Fundamental indexing is an investment strategy that blends tenets of both active and passive management styles.  The index is defined based on various stock fundamentals (such ...