Newsletter - August 2022 - Succession Advisors

Single Family Versus Multi-Family Office Structures

With over 3000 single family offices (SFO) in the United States alone and a growing number of multi family offices (MFO) many are left wondering, what is the difference? And which structure suites your family's needs best? Here we have outlined the most notable differences and some of the advantages, as well as disadvantages that may be helpful to consider.

Five Of The Most Luxurious Properties To Stay In Paris

As summer's end quickly approaches, many are booking last-minute trips or looking to destinations to consider for future adventures. For many, Paris is at the top of the list. Through the expertise of our strategic partners at The Luxury Travel Book we have taken the guess work out of finding the most luxurious accommodations available whether a hotel, private residence or apartment, all are guaranteed to exceed your expectations and ensure an unforgettable visit.

Podcast: Family Business Succession - Transitional Challenges of Founders and NextGen

Understanding fundamental challenges commonly faced in family business transitions by both Founders and NextGens can help you mobilize family members to actively engage in succession planning. Family business strategist, author, and consultant, Nike Anani, joins us in this podcast episode to share her insights and experiences for how to best navigate these challenges to ensure a healthy and smooth transition such that the business and the family both flourish.

Your Estate Plan Advisors Want You To Choose A Trustee – Now What?

Acting as a Trustee comes with significant legal duties and a high risk of personal liability that both family members and professionals alike are largely unaware of. While an indemnity agreement is commonly provided in the trust document – is it enough to protect the Trustee? Guest contributor, Judy Pearson, Family Office & Trustee Liability Resource Group at Woodruff Sawyer, teaches our members about additional ways to ensure maximum protection for yourself or for your Trustee.