“If you saw one single family office, you saw one” is a well-coined industry phrase and one that we agree with. After all, each setting is individual and should cater to the family’s unique and specific needs.
2. WHERE TO
START
1 3
2 4
Assess your
wealth and
make an
inventory.
Consider
available wealth
structuring
options for
specific asset
classes.
Align options
with present and
future wealth
planning goals.
Identify
potential threats
to your wealth
during and after
your lifetime.
3. Creating a comprehensive framework for
wealth preservation and transfer.
Utilizing specific arrangements and
vehicles such as trusts, foundations, and
life insurance policies.
Diversifying estate planning approaches
for optimal results.
THE TARGET
4. FAMILY
INVOLVEMENT
Engaging your family members in the
estate planning process will ensure
awareness and alignment of goals.
This will build the basis for generational
wealth transfer and preservation.
6. LEGAL AND TAX
Understanding the legal and tax
implications of estate planning
arrangements.
Ensuring compliance with local and
international laws.
Considering tax liabilities for beneficiaries.
7. CHARITABLE
GIVING
You can incorporate charitable goals into
your estate plan.
Trusts or foundations are ideal vehicles
for charitable giving and aligning
philanthropy with your values and legacy.
And you can even reduce the tax burden.