Wealth Management

7 More Family Office Resources:

• Second-to-Die Insurance Family Office Definition: Second-to-Die Insurance Second-to-Die Insurance definition:  See survivorship life insurance definition for more information (also known as last-to-die insurance) Download our free Family Office Report to learn more about the family office industry. Read more ...
• Up-Front Cash Sale Family Office Definition: Up-Front Cash Sale Up-Front Cash Sale definition:  When business owners sell ownership in their family business in exchange for cash up-front.  As opposed to an earn-out sale, the business owners' compensation ...
• What is wealth management? Question: What is wealth management? Answer: Wealth management is an essential service provided by family offices.  Wealth management is more broad in scope than exclusively offering investment advice. Investing, tax and estate planning are all offered ...
• Minority Discounting Family Office Definition: Minority Discounting Minority Discounting definition:  Minority discounting is a valuation method which accounts for the lack of marketability and lack of control of interests in a family business.  When minority discounts ...
• Financial Planning Family Office Definition: Financial Planning Financial Planning definition:  Financial planning addresses all of the financial goals for a client, including retirement, debt management, insurance, college and health savings, taxes, and investments.  Financial plans should ...
• Succession Planning Family Office Definition: Succession Planning Succession Planning definition:  Succession planning prepares for the departure of key business leaders in retirement or death.  Multiple issues are considered and planned for, such as the financial consequences ...
• Family Business Planning Family Office Definition: Family Business Planning Family Business Planning definition:  Family business planning is a client service from family offices that covers the ownership structure, governance, and taxation of family businesses.  Succession planning and ...