Sector Overview
Family offices need structuring that separates daily asset management from direct ownership, enabling continued management of family wealth even as the owning generation changes.
Starting succession planning well before the transition date is preferable, since plans prepared with time for review hold up better than those made under time pressure.
Regulatory Framework
This work draws on the Companies Law regarding ownership structuring, alongside general inheritance provisions where these intersect with family asset ownership.
How We Work With This Sector
We begin by reviewing the current structure of family wealth, identifying gaps between what's actually practiced and what's formally documented.
Who We Work With in This Sector
Families managing wealth across multiple generations needing formal structuring for its management.
Existing family offices needing their current governance structure reviewed.
We notice that some new family offices focus on structuring the investment fund itself without paying sufficient attention to the decision-making mechanism within it among family members, leading to a later dispute over who holds approval authority for a specific investment, even when ownership structure itself is clear on paper. The financial structure alone isn't enough without a clear operational governance mechanism defining each party's authority in day-to-day decisions.
Related Services for This Sector
This connects directly with our family business and succession service.
For structuring family investment funds, this connects with our corporate and business structuring service.
Common Questions
What's the value of setting up a family investment fund?
It separates asset management from direct ownership, achieving greater stability in managing family wealth across generations.
When should family wealth succession planning begin?
Well before the transition date, since plans made with time for review hold up better than those prepared under time pressure.