7 More Family Office Resources:

• Earn-Out Sale Family Office Definition: Earn-Out Sale Earn-Out Sale definition:  When business owners sell ownership in their family business in exchange for a share in annual earnings for a specified period of time.  They are no ...
• Wash-Sale Rule Family Office Definition: Wash-Sale Rule Wash-Sale Rule definition:  When the same (or identically similar) security is sold and purchased within 30 days, the wash-sale rule applies.  Any wash-sale losses are not deductible and are ...
• Installment Sale Family Office Definition: Installment Sale Installment Sale definition:  An installment sale occurs when the grantor loans an appreciating asset to a grantor trust. No gift taxes apply if the loan terms are at market ...
• Cash Value Life Insurance Policy Family Office Definition: Cash Value Life Insurance Policy Cash Value Life Insurance Policy definition:  A cash value life insurance policy includes a tax-deferred investment component. See the definitions for whole life insurance, universal life ...
• Whole Life Insurance Family Office Definition: Whole Life Insurance Whole Life Insurance definition:  A whole life insurance policy pays beneficiaries a guaranteed amount when the owner dies. The policy provides coverage for the owner's entire life (also ...
• Exit Strategy Family Office Definition: Exit Strategy Exit Strategy definition:  An exit strategy prepares for the end of business ownership through a sale of the business, merger, or dissolving the business.  When no family members or ...
• Buy/Sell Agreement Family Office Definition: Buy/Sell Agreement Buy/Sell Agreement definition:  A Buy/Sell Agreement is a document that sets forth the price and terms of any buyout of the business and options for financing. When drafted prior to ...