7 More Family Office Resources:

• Revocable Living Trust Family Office Definition: Revocable Living Trust Revocable Living Trust definition:  A revocable living trust is funded while the trustor is living. Benefits of revocable living trusts are that they are not subject to probate, ...
• Grantor Family Office Definition: Grantor Grantor definition:  A grantor is another term for the trustor. Download our free Family Office Report to learn more about the family office industry. Read more Family Office Definitions Tags: What is grantor?, grantor definition, grantor ...
• Living Trust Family Office Definition: Living Trust Living Trust definition:  A living trust is created and funded during the grantor's lifetime. (As opposed to a testamentary trust, which is created following a grantor's death.)  The grantor ...
• Contingent Beneficiary Family Office Definition: Contingent Beneficiary Contingent Beneficiary definition:  A contingent beneficiary does not receive assets unless something happens to the primary beneficiary. Their interests in the property are subordinate to the primary beneficiary. Download our ...
• Disclaimed Property Family Office Definition: Disclaimed Property Disclaimed Property definition:  Disclaimed property is unwanted or refused by the beneficiary. The beneficiary may disclaim property to avoid taxes or expenses associated with the inheritance. A will should ...
• Absolute Beneficiary Family Office Definition: Absolute Beneficiary Absolute Beneficiary definition:  An absolute beneficiary is an irrevocable beneficiary that cannot be changed without written consent from said beneficiary. An absolute beneficiary may be named on trusts, life ...
• Primary Beneficiary Family Office Definition: Primary Beneficiary Primary Beneficiary definition:  The primary beneficiary is the first in line to receive assets. It can include more than one person with percentages designated for each beneficiary. Download our free ...