7 More Family Office Resources:

• Co-Trustee Family Office Definition: Co-Trustee Co-Trustee definition:  When two trustees have equal authority and power in administering a trust, they are co-trustees. They normally work must work together and not independent of one another. Download our ...
• Successor Trustee Family Office Definition: Successor Trustee Successor Trustee definition:  A successor trustee will assume the duties of a prior trustee according to the terms of the trust. Download our free Family Office Report to learn more about ...
• Spendthrift Trust Family Office Definition: Spendthrift Trust Spendthrift Trust definition:  A spendthrift trust is established for a person incapable of managing their own finances.  The trustee has the authority for making distributions. Download our free Family Office ...
• Sprinkling Trust Family Office Definition: Sprinkling Trust Sprinkling Trust definition:  Sprinkling trusts give the trustee authority to make distributions among a group of beneficiaries. Download our free Family Office Report to learn more about the family office industry. Read ...
• Fiduciary Family Office Definition: Fiduciary Fiduciary definition:  Fiduciary is another term for the trustee, who is expected to act in the best interest of the beneficiary. Download our free Family Office Report to learn more about the ...
• Blind Trust Family Office Definition: Blind Trust Blind Trust definition:  With a Blind Trust, beneficiaries are not made aware of the trust assets, and the trustee maintains full control of trust management. The purpose of a ...
• Irrevocable Trust Family Office Definition: Irrevocable Trust Irrevocable Trust definition:  A trust becomes irrevocable once the grantor is deceased. The terms of the trust cannot be altered, and the trustee must follow the trust document.  An ...