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A Family Office involves the setting up a Trust for the purpose of wealth preservation and distribution of trust capital and trust income/proceeds, including cash and properties, to your Beneficiaries, namely your spouse, children and other members of your extended family.
An organisation could be set up to look after your family’s business interest, including tax and estate planning, wealth management, business issues, philanthropic initiative and family dynamics.
A Family Office, which can be either a single family or multi-family set-up, is usually staffed by external professionals reporting to the Successor.
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