Putting Family First: The Power of Governance in Family Offices

Key Takeaways

Establishing a family office can be a powerful tool for wealthy families to transfer wealth across generations, but without proper governance, it can lead to conflict and financial instability.

A family office provides centralized wealth management, efficiency, and privacy, but it requires a common purpose and formal governance to safeguard a family’s legacy.

Families must prioritize establishing governance structures to ensure their wealth transfer strategies are successful and their legacy is preserved for generations to come.

By embracing governance in a family office, families can safeguard their legacy and ensure successful wealth transfer strategies for generations to come.

Author
Emily Neubert
Director—Family Governance

The views expressed herein do not constitute, and should not be considered to be, legal or tax advice. The tax rules are complicated, and their impact on a particular individual may differ depending on the individual’s specific circumstances. Please consult with your legal or tax advisor regarding your specific situation.

Related Insights

Loading... Please, wait.

Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait.

Loading... Please, wait.

Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait.

Loading... Please, wait.

Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait. Loading... Please, wait.