7 More Family Office Resources:

• What is a family office trust? Question: What is a family office trust? Answer: Family offices often help their clients set up and manage trusts.  Trusts are legally recognized accounts owned and funded by one party but managed for the benefit ...
• Naked Trusts Family Office Definition: Naked Trusts Naked Trusts definition:  A naked trust transfers assets to beneficiaries at the age of 18 with no provisions or stipulations.  The grantor has no control over trust assets once ...
• Spillover Trusts Family Office Definition: Spillover Trusts Spillover Trusts definition:  Spillover trusts are established to hold any remaining assets after all other instructions from the will are carried out. Download our free Family Office Report to learn more ...
• Charitable Lead Trusts Family Office Definition: Charitable Lead Trusts Charitable Lead Trusts definition:  (CLT) Charitable lead trusts are deductible; therefore reducing income and estate taxes. They are not tax-exempt.  A charitable organization receives annual income from the ...
• Charitable Remainder Trusts Family Office Definition: Charitable Remainder Trusts Charitable Remainder Trusts definition:  (CRT) Charitable remainder trusts are deductible; therefore reducing income and estate taxes. They are not tax-exempt; beneficiaries must pay income tax on income received ...
• Foreign Trust Family Office Definition: Foreign Trust Foreign Trust definition:  A foreign trust that is located "offshore" (no U.S. fiduciaries or court supervision) is not subject to U.S. income taxes. While the foreign trust itself is ...
• 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, ...