This presentation helps CPAs understand the role of a family office and the broad range of needs it supports for high-net-worth families. It outlines common family office structures and services, giving practitioners a practical framework for identifying opportunities to provide coordinated tax, financial, estate and advisory support.
DESIGNED FOR
CPAs and tax, financial and advisory professionals
BENEFITS
- Understand the evolving role and structure of family offices and how they serve high-net-worth families.
- Identify opportunities to provide coordinated tax, financial, estate planning and advisory services to family office clients.
- Gain insights into the key challenges facing families of wealth, including succession, leadership transition and the transfer of wealth to the next generation.
- Better understand the considerations involved in establishing and operating a family office, including costs, talent and organizational structure.
- Recognize emerging trends in family office services, wealth transfer and charitable giving.
HIGHLIGHTS
- The evolution of the family office and current asset and cost considerations involved in establishing and maintaining one
- Single-family offices (SFOs) vs. multi-family offices (MFOs), including the advantages and considerations of each
- Family office talent, leadership succession and the skills needed to effectively serve families of wealth
- The impact of the significant transfer of wealth to the next generation and how changing expectations may affect family offices
- Trends in charitable giving, including the use of private foundations and donor-advised funds (DAFs), as well as the key concerns facing wealthy families and family businesses