For the exceptionally wealthy, the single-family office is – for the most part – the preferred way for them to coordinate their financial and personal affairs. In general, the expertise provided by a single-family office is wealth management (investment management and wealth planning) and support services (administrative and lifestyle services, and special projects).
What You Need to Know When Choosing the Right Trustee
One of the most important decisions you’ll make when designing your estate plan is who to name in the various fiduciary roles – trustee, personal representative, executor and agent.