Challenges Ahead For Wealthy Families

Significantly wealthy families face a growing number of choices and challenges concerning how to manage their assets, ensure smooth succession planning and develop and maintain a shared vision for the family's future.

So there is a need to examine issues facing high net worth families looking to preserve and grow their family's wealth and standing, whilst always ensuring they safeguard their fundamental beliefs and vision. In particular the areas to be addressed will include family offices, governance and notable recent changes to tax legislation.

Family offices continue to grow in popularity as the number of high net worth families across the globe multiplies.

However, issues connected with family offices such as succession planning, investments, taxation and governance are becoming more complex. The decision even to establish a family office is a daunting one but following this it is necessary to decide just what type of family office is best suited for the