Family Office

Family Office

The goal of any family office is the preservation of the family’s legacy. We can assist you in building a family office to protect, manage, and grow your wealth across generations. Whether the founder is still engaged, or your family is transitioning to the next generation, you will receive legal services tailored to ensure the success and longevity of your family enterprise.

Basswood Counsel’s Family Office team includes experienced attorneys from multidisciplinary practices who serve the many needs of family offices. This includes experience in private equity, hedge funds, mergers and acquisitions, domestic and international tax, trusts and estates, investment management, regulatory, compliance risk management, corporate governance, securities, finance, and real estate. Klug Counsel is committed to preserving and increasing the assets built by families and multigenerational businesses. A well designed planned and maintained family office structure should enhance the value of the family resources, letting the family live well without being burdened by an inefficient structure. A well designed family office will allow high net worth families to consolidate management and administration of their personal, business, tax, and charitable plans.

Family offices are privately owned entities established by affluent families to manage their wealth, plan for their families’ financial future, engage in investment opportunities and provide other services to family members. Family offices can be formally structured or operated informally. Families of wealth realize the benefits to establishing a structured family office including enhanced control, privacy and customization of their asset allocation, wealth and risk management, and an overall legacy plan. We routinely represent family offices and their executives and family principals in a wide variety of complex matters. Our family office clients, which are U.S. and international, have significant investable assets spread globally among numerous asset classes.

Family offices must regularly make decisions about their tax, estate plans, investment and philanthropic concerns with the goal of maximizing assets, investments and charitable giving while minimizing risk, liability, and taxes. We adeptly navigate these issues using sophisticated wealth management services in a customize plan.