A family office can be a useful tool in your legacy planning and it is excellent for introducing the next generation to your structure and values.
A professional family office or multi-family office offers services such as wealth planning, administration, asset management, asset consolidation, asset performance monitoring, charity services, tax and legal services, trusteeship and risk management. These services are either offered in-house or the family office cooperates with dedicated external partners. What a family office could also offer is to organise your travel arrangements, provide insurance solutions, manage your yacht or help you invest in private equity or manage real estate .
A family office can also manage your corporate (holding) structure and your private investment structure and assist in setting up wealth protection or other wealth planning structures. In most cases wealth management, wealth planning and safeguarding your assets are at the core of the services which are provided. In any case, the services to be provided by your Family Office is tailored to your requirements and your personal preferences.
A multi-family office would share some ressources with other family offices but is completely segregated and confidential.