Will Substitutes

7 More Family Office Resources:

• Will Family Office Definition: Will Will definition:  A will is a legal document that outlines how you would like your property and personal assets handled following your death. Download our free Family Office Report to learn more ...
• Transfer-On-Death Accounts Family Office Definition: Transfer-On-Death Accounts Transfer-On-Death Accounts definition:  Transfer-on-death accounts includes investment accounts (i.e. stocks, bonds, and mutual funds) and in some states, vehicles and real estate property. These assets can be transferred to ...
• Probate Family Office Definition: Probate Probate definition:  Probate is the legal process by which the state court determines the legal validity of a will, assigns an executor or administrator for an estate, transfers ownership of ...
• Payable-On-Death Accounts Family Office Definition: Payable-On-Death Accounts Payable-On-Death Accounts definition:  Payable-on-death accounts include bank or credit union accounts (i.e. checking, savings, certificates of deposit, savings bonds). These accounts can be distributed to named beneficiaries upon the ...
• Custodial Accounts Family Office Definition: Custodial Accounts Custodial Accounts definition:  Custodial accounts are established for minors  to transfer assets when the minor reaches legal age (age 18, 21, or even 25 depending on the state of ...
• Uniform Transfers to Minors Act and/or Uniform Gifts to Minors Act Family Office Definition: Uniform Transfers to Minors Act and/or Uniform Gifts to Minors Act Uniform Transfers to Minors Act and/or Uniform Gifts to Minors Act definition:  State laws addressing custodial accounts and transfers of ...
• Joint Tenants With Right of Survivorship Family Office Definition: Joint Tenants With Right of Survivorship Joint Tenants With Right of Survivorship definition:  Joint tenants with right of survivorship determines how property is handled upon death of one of the joint ...