The managerial and administrative needs of high-net-worth families can be extensive, ranging from tax and estate planning to managing trusts and foundations. A family office can help meet those needs.
Some families may desire only basic administrative help, whereas others may want the family office to oversee asset management or perhaps even run their daily affairs. Each family office, therefore, tailors the breadth and depth of its services to a given family’s requirements.
Read our chapter on Family offices