Multi Family Office

Larger estates of $80 million or more may have their own Family Office which is a private company set up to handle all asset management, accounting, legal, bill pay, payroll, estate upkeep, staffing, insurance, property management, and travel needs of one family. Other families may use Multi Family Offices like HSBC, Bessemer or UBS which have a lower entry point but limit their services mainly to financial matters. Private Fiduciaries c provide a virtual family office experience when they take over the financial, legal, insurance, accounting, estate upkeep and support duties of trust administration.

As your sole or co-trustee I give can you more time to do what you enjoy while I do the detailed and burdensome requirements of wealth you do not want to, so if you would rather be with family, play golf, go sailing, travel, entertain, create art, restore cars, work at your charity or just relax, you can, and know that the answer to any question is one call away, 24 hours a day, seven days a week because you delegated all the insurance, accounting, property management, vacation home upkeep, asset management, reporting and bill pay to me so I can work with your other advisors to carry out the asset protection and tax mitigation strategies your estate requires.

A lot of time and money can be lost while successor trustees get up to speed after someone becomes sick or dies. As your sole or co-trustee managing the estate, if and when you die or lose capacity, continuity of care and asset management are maintained and post death administration is simplified because I will already be in place when needed. I can be removed at any time while you are competent and once you lose capacity or die I can only be removed by your beneficiaries for Gross Negligence or Willful Misconduct.

I first review all estate planning documents and assets to ensure I can administer the plan as drafted and that the documents express your intentions for asset management, wealth retention and distribution as you understand it. I then review all assets to be sure they are titled correctly, then I work with you to take over those duties you no longer want to perform.

Services provided

  • Work with you to take over the day to day activities you want to delegate such as estate upkeep and maintenance, mail management, bill pay, travel and luxury item assistance so you can pursue other interests while retaining complete authority.
  • Provide thorough administration of complex asset protection and tax mitigation estate planning strategies requiring detailed records keeping, annual valuations, asset transfers, gifting, accountings and tax filings to ensure compliance with all legal and IRS requirements through post death administration, estate settlement and distribution.
  • Coordinating and managing outside legal counsel and other advisors.
  • Safeguard assets and beneficiaries from financial predators seeking access to trust assets whether it’s unscrupulous business offerings, greedy relatives, or aggressive and abusive children.
  • Disbursements of trust assets to beneficiaries in accordance with terms of the trust.
  • Work closely with guardians of minor children to ensure minor beneficiaries receive the maximum benefits from their trust share.
  • Quarterly and annual reviews of all asset manager performances in accordance with stated goals, the investment policy statements, and the Uniform Prudent Investor Act.
  • Custody and safekeeping of assets, stock & bonds, precious metals, airplanes, automobiles, RVs, and vessels.

Additional Available Resources

My clients have access to my preferred service providers including, but not limited to:

  • International lawyers
  • Family lawyers
  • Tax lawyers
  • Real estate lawyers
  • International lawyers
  • Family lawyers
  • Tax lawyers
  • Real estate lawyers
  • Criminal lawyers
  • Residential and commercial property managers
  • Home staffing specialists
  • In-home care providers
  • In-home physical therapists
  • Residential care and assisted living facilities
  • Gerontologists and senior sex therapists
  • Eldercare consultants and care managers
  • Psychologists
  • Senior relocation specialists
  • Grief counselors
  • Family counselors
  • Personal and home security
  • Substance abuse counselors
  • Recovery centers
  • Mortuary and burial service providers
  • Wine storage
  • Classic car restoration
  • Car storage and transport
  • Yacht brokerage
  • Private jet ownership assistance
  • Professional organizers
  • Estate sales, liquidation agents and auction houses