7 More Family Office Resources:

• Joint Tenants by The Entirety Family Office Definition: Joint Tenants by The Entirety Joint Tenants by The Entirety definition:  Joint tenants by the entirety is the same as joint tenants with right of survivorship for married couples. Download our free ...
• Joint Tenants With Right of Survivorship Family Office Definition: Joint Tenants With Right of Survivorship Joint Tenants With Right of Survivorship definition:  Joint tenants with right of survivorship determines how property is handled upon death of one of the joint ...
• Tenants in Common Family Office Definition: Tenants in Common Tenants in Common definition:  When two or more persons own property and upon death, the property rights are transferred to the heirs of the deceased, rather than to ...
• Will Substitutes Family Office Definition: Will Substitutes Will Substitutes definition:  Will substitutes transfer assets to beneficiaries outside of a will. They are not subject to probate. Examples of will substitutes include: life insurance, retirement accounts, annuities, ...
• Augmented Estate Family Office Definition: Augmented Estate Augmented Estate definition:  In community property or common law states, the surviving spouse is expected to receive at least one third of the augmented estate, which includes assets left ...
• Survivorship Life Insurance Policy Family Office Definition: Survivorship Life Insurance Policy Survivorship Life Insurance Policy definition:  A survivorship whole life insurance policy insures a group of individuals. The death benefit is paid when the last joint owner dies, ...
• 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 ...