7 More Family Office Resources:

• Contest Family Office Definition: Contest Contest definition:  To contest a will is to challenge whether a will is legally enforcable and valid. A will may be contested in cases of fraud, improper execution, or if ...
• Exordium Clause Family Office Definition: Exordium Clause Exordium Clause definition:  An exordium clause is the introductory statement in a will which names the individual testator, the purpose of the document as a will, and revokes all ...
• Decedent Family Office Definition: Decedent Decedent definition:  The decedent is the person that died (owner of the estate). Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What ...
• Skip Person Family Office Definition: Skip Person Skip Person definition:  The younger recepient triggering a generation-skipping transfer tax is referred to as the "skip person." For example, a grandchild receiving assets from a grandparent. Any non-spouse ...
• 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, ...
• Holographic Will Family Office Definition: Holographic Will Holographic Will definition:  A holographic will is not witnessed and is signed only by the person drafting the will. This type of will may not be legally valid. Download our ...
• 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 ...