Below please find our glossary of terms that family office professionals and those looking to learn more about the family office industry are often searching for and asking us to explain. If you would like to learn more about family offices, download our free Family Office Report.
- “Crummey” power
- Single Family Office
- 408(k) plan
- 412(i) plan
- 529 College Savings Plan
- 529 Prepaid Tuition Plan
- A/B Trust
- Abatement
- Absolute Beneficiary
- Abstract Of Trust
- Accredited Investor
- Accumulation Trust
- Active Management
- Adjustable Life Insurance Policy
- Administrator
- Advance Directive
- Advanced Life Underwriting
- After-Tax Rate Of Return
- Agricultural Conservation Easements
- Alpha
- Alternative Investment
- Alternative Minimum Tax
- Ancillary Probate
- Annuities
- Applicable Federal Rates
- Arbitrage Hedge Strategy
- Asset Allocation
- Asset Class
- Assets
- Assets Under Management
- A-trust
- Attestation
- Attorney-In-Fact
- Augmented Estate
- Beneficiary
- Beneficiary Designation
- Bequest (bequeath)
- Blind Trust
- Bonded
- Bottom-Up Strategy
- Broker
- B-trust
- Business Expense Deduction
- Business Promissory Note
- Buy/Sell Agreement
- Bypass Trust
- Call Option
- Carry-Over Basis
- Cash Value Life Insurance Policy
- Certified Financial Planner
- Charitable Deduction
- Charitable Gift Annuity
- Charitable Giving With a Life Insurance Policy
- Charitable Giving With a Retirement Account
- Charitable Giving With Life Insurance Policy Dividends
- Charitable Giving With Life Insurance Riders
- Charitable Lead Annuity Trust
- Charitable Lead Trusts
- Charitable Lead Unit Trust
- Charitable Remainder Annuity Trust
- Charitable Remainder Trusts
- Charitable Remainder Unit Trust
- Children’s Trust
- Clifford Trust
- Closely-Held Stock
- Codicil
- Common-Law Property
- Community Property
- Complex Will
- Comprehensive General Liability Insurance
- Concentrated Stock
- Concierge Services
- Conservation Easement
- Conservator
- Contest
- Contingent Beneficiary
- Corpus
- Co-Trustee
- Country Risk
- Covered Call
- Credit Risk
- Credit Shelter Trust
- Currency Risk
- Custodial Accounts
- Custodian
- Dangerous Asset
- Death Tax Clause
- Deceased Spousal Unused Election
- Decedent
- Dedicated Short Hedge Strategy
- Default Method
- Deferral and Installment Payment of Estate Taxes
- Deferred Annuity
- Derivative
- Direct Skip
- Directional Hedge Strategy
- Disability Insurance Policy
- Disclaimed Property
- Discounts for Lack of Marketability
- Discretionary Account
- Disinherit
- Distressed Debt Hedge Strategy
- Dollar Cost Averaging
- Donor-Advised Funds
- Dower and Curtesy
- Durable Power of Attorney
- Dynasty Trust
- Earn-Out Sale
- Education Deduction
- Educational Trust
- Elective Share
- Employee Stock Option Plan
- Employee Stock Purchase Plan
- Employee Trust
- Encumbrances
- Endowment Fund
- Enhanced Indexing
- Equity Collars
- Estate
- Estate Plan
- Estate Split
- Estate Tax
- Estate Transfer
- Estate Trust
- Event-Driven Hedge Strategy
- Excess Accumulation Penalty
- Exchange Funds
- Executor
- Exemption Trust
- Exit Strategy
- Exordium Clause
- Expatriate Gifts or Bequests
- Extended IRA
- Family Business Planning
- Family Income Rider
- Family Limited Partnership
- Family Meetings
- Family Philanthropy
- Family Risk Management
- Family Statement
- Family Tax Management
- Family Wealth Management
- Fee-Based Financial Advisor
- Fiduciary
- Fiduciary Appointment Clause
- Fiduciary Powers Clause
- Financial Agent
- Financial Planning
- First-to-Die Life Insurance
- Fixed Annuity
- Floodplain Conservation Easement
- Foreign Grantor Trust
- Foreign Holding Corporation
- Foreign Non-Grantor Trust
- Foreign Trust
- Full-Service Broker
- Fundamental Analysis
- Fundamental Indexing
- Funeral Trust
- Futures Contract
- General Power-of-Appointment Marital Trust
- Generation-Skipping Transfer Tax
- Generation-Skipping Trust
- Gift Causa Mortis
- Gift of Equity
- Gift Splitting
- Gift Tax
- Gifting Securities
- Global Macro Hedge Strategy
- Grantee
- Grantor
- Grantor Retained Annuity Trust
- Grantor Retained Interest Trust
- Grantor Retained Unitrust
- Grantor Trust
- Gross Estate
- Growth at a Reasonable Price
- Growth Style
- Guaranteed Death Benefit for Annuity
- Guaranteed Earning Increase Death Benefit
- Guaranteed Lifetime Withdrawal Benefit
- Guaranteed Minimum Accumulation Benefit
- Guaranteed Minimum Income Benefit
- Guaranteed Minimum Withdrawal Benefit
- Guardian
- Health Reimbursement Account
- Health Savings Account
- Hedge Fund
- Heir
- Holographic Will
- Illiquid Assets
- Immediate Annuity
- Incentive Trust
- Incident of Ownership
- Income Annuity
- Income in Respect of a Decendent
- Income Tax
- Independent 401(k)
- Indirect Skip
- Individual Property
- Inflation Risk
- Inheritance Laws
- Inheritance Tax
- Installment Distribution Option
- Installment Sale
- Institutional Buyout
- Intentionally Defective Grantor Trust
- Inter Vivos Gifts
- Inter Vivos Trust
- Interest Rate Risk
- Intestate
- Intra-Family Loan
- Investment Policy Statement
- Irrevocable Life Insurance Trust
- Irrevocable Trust
- Joint Tenants by The Entirety
- Joint Tenants With Right of Survivorship
- Joint Whole Life Insurance Policy
- Joint Will
- Legacy Annuity
- Leverage
- Life Income Distribution Option
- Life Insurance Policy
- Life Settlements
- Limit Order
- Limited Power of Attorney
- Liquid Assets
- Liquidity Risk
- Living Trust
- Living Will
- Lock-Up Period
- Longevity Risk
- Long-Short Hedge Strategy
- Long-Term Care Insurance
- Loss Carry-Forward
- Lump Sum Distribution
- Managed Futures Hedge Strategy
- Marital Deduction
- Marital Trust
- Market Capitalization
- Market Neutral Hedge Strategy
- Market Risk
- Master Limited Partnership
- Maturity Ladder
- Medicaid Trust
- Medical Deduction
- Medical Savings Account
- Merger Arbitrage Hedge Strategy
- Minority Discounting
- Mirror Will
- Momentum Strategy
- Monte Carlo Simulation
- Mortgage Backed Security
- Multiple Family Office
- Mutual Will
- Naked Trusts
- No-Load Annuity
- Non-Accredited Investor
- Non-Contestability Clause
- Non-Discretionary Account
- Non-Grantor Trust
- Non-Marital Trust
- Non-Qualified Charitable Donations
- Nuncupative Will
- Operating Assets
- Opportunistic
- Options
- Passive Management
- Payable-On-Death Accounts
- Per Capita at Each Generation Designation
- Per Capita Designation
- Per Stirpes Designation
- Permanent Life Insurance Policy
- Perpetual Trust
- Personal Exemption
- Personal Property
- Political Deduction
- Pooled Income Fund Trust
- Pour-Over Will
- Price Risk
- Primary Beneficiary
- Private Annuity Trust
- Private Equity
- Private Foundation
- Private Health Insurance
- Private Infrastructure
- Private Placement
- Private Real Estate
- Probate
- Probate Estate
- Professional Liability Insurance
- Profit Sharing Plan
- Property Control Trust
- Property Guardian
- Publicly Traded Partnership
- Put Option
- Qualified Annuity
- Qualified Domestic Trust
- Qualified Investor
- Qualified Personal Residence Trust
- Qualified Terminable Interest Property Trust
- Qualitative Analysis
- Quantitative Analysis
- Quantitative Strategy
- Quasi-Community Property
- Real Estate Investment Trust
- Real Property
- Real Rate of Return
- Rebalancing
- Reciprocal Will
- Registered Investment Advisor
- Relative Value Hedge Strategy
- Remainder Interest
- Required Minimum Distributions
- Residuary Estate
- Retained Interest
- Retained Life Estate
- Reverse Mortgage
- Revocable Life Insurance Trust
- Revocable Living Trust
- Revocable Trust
- Risk Tolerance
- Rolling Grantor Retained Annuity Trust
- Roth IRA
- Rule of Survivorship
- Safe Asset
- Scenario Analysis
- Second-to-Die Insurance
- Section 1031 Exchange
- Section 1035 Exchange
- Section 7520 Rates
- Self-Proving
- SEP IRA
- Separate Account
- September 30th Required Minimum Distributions
- SIMPLE IRA
- Simple Will
- Single Family Office
- Skip Person
- Socially Responsible Investing
- Sophisticated Investor
- Special Needs Trust
- Special Use Valuation
- Spendthrift Trust
- Spillover Trusts
- Sprinkling Trust
- Step-Up in Basis
- Stock Option
- Stop-Loss Order
- Strategic Asset Allocation
- Stretch Annuity
- Stretch IRA Provision
- Style Boxes
- Succession Planning
- Successor Trustee
- Supplemental Needs Trust
- Survivorship Life Insurance Policy
- Tactical Asset Allocation
- Take-Profit Order
- Taxable Account
- Taxable Estate
- Tax-Deferred Account
- Tax-Efficient Asset Allocation
- Tax-Exempt Investments
- Tax-Loss Harvesting
- Technical Analysis
- Tenancy by Entirety
- Tenants in Common
- Term Life Insurance Policy
- Testamentary Trust
- Testator
- Three-Year Rule
- Top-Down Strategy
- Totten Trust
- Transfer Fax
- Transfer-On-Death Accounts
- Trustee
- Trustor
- Trusts
- Umbrella Insurance Policy
- Unfunded Trust
- Unified Credit
- Unified Managed Account
- Unified Managed Household Account
- Uniform Prudent Management of Institutional Funds Act
- Uniform Transfers to Minors Act and/or Uniform Gifts to Minors Act
- Universal Life Insurance Policy
- Up-Front Cash Sale
- Value Style
- Variable Annuity
- Variable Life Insurance Policy
- Variable Prepaid Forward Contracts
- Variable Universal Life Insurance Policy
- Venture Capital
- Wash-Sale Rule
- Wealth Management
- Wetlands Conservation Easement
- Whole Life Insurance
- Will
- Will Substitutes
- Witnessed Will
Download our free Family Office Report to learn more about the family office industry.
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