Management, Protection, and Growth of Wealth
Managing, growing, and preserving wealth for future generations presents a complex challenge for high-net-worth families. This has led to the increasing importance of family offices, which offer a means of independent wealth management and structuring, allowing families full control over their assets. MTR Legal Attorneys provides nationwide support to affluent families in the professional structuring and management of wealth through a family office. Tailored to your specific needs, our attorneys offer comprehensive legal and tax advice on all aspects of wealth management and align your wealth planning with your goals.
Legally Optimal Structure and Organization
Wealth is often composed of a diverse range of assets that need to be identified and, in some cases, consolidated. These assets form the foundation for developing a strategy to secure and grow wealth effectively. MTR Legal Attorneys is here to guide you through the structuring, planning, and advisory process for family offices. Our team offers comprehensive counsel aimed at protecting your wealth and preserving it for future generations. Additionally, our attorneys provide expertise in legally sound structuring of shareholder agreements, employment contracts, and other essential agreements.
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Professional, Independent Wealth Management
The family office manages wealth independently of banks within the business family. Its primary goals are wealth preservation, growth, and the seamless transfer of assets to future generations. When wealth includes diverse assets such as stocks, bonds, real estate, commodities, or gold, the family office ensures independent management, separate from individual service providers like banks or financial advisors. The strategy is entirely tailored to the family’s interests.
Additionally, the family office serves as both a liaison and a central point of contact for family members, facilitating essential communication. This role helps to preemptively address potential family disputes over wealth planning or to establish solutions that are acceptable to all parties involved.
Single Family Offices and Multi-Family Offices
Managing wealth structure and overseeing asset control generate salary and office expenses, making the establishment of a family office practical only when a substantial level of wealth is reached. A distinction exists between Single Family Offices and Multi-Family Offices. In a Multi-Family Office, the assets of several families are often pooled to keep costs at a reasonable level. A Single Family Office, however, typically becomes an option only for families with wealth in the hundreds of millions.
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Legal and Tax Support
A family office must align its wealth management with the family’s individual interests, securing assets for the future while honoring family heritage. Initially, it’s essential to determine whether the office’s role will focus solely on investment management or also encompass areas like legal and tax advisory. Additionally, the level of involvement and roles of family members should be clarified.
Our attorneys provide comprehensive advice to the family office and its members on legal and tax matters. We offer insights into the legal and tax implications of ongoing and planned investments. Our skilled attorneys also assist in establishing a family council or family governance structure. Furthermore, we are your trusted advisors for setting up a family foundation or family pool, ensuring that all legal and structural aspects align with your family’s goals.
Return, Risk, and Sustainability of the Investment
Family offices typically invest in traditional asset classes such as stocks, bonds, real estate, gold, and commodities. Additionally, they may venture into alternative investments like venture capital, private equity, or direct investments. Less common, but still possible, are investments in collectible items, such as art, classic cars, or other rare valuables. However, all investments must align with the family’s interests, taking into account key factors like expected returns, risk tolerance, and the sustainability of the investment. Establishing an investment philosophy is essential, which then guides the development of an investment strategy. Our attorneys analyze your financial goals and craft a tailored investment strategy that meets your specific needs.
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