The segregation of the family’s wealth from the family business(es), should be considered.
Development of a strategy regarding use of the profits arising from the family business and investments, that are not going to be re-invested.
Creation of a team to manage the wealth.
Establishment and/or review of policies and procedures to ensure the adequate iceland mobile database preservation and transfer of wealth to the next generation.
A review of the ownership structure of each family business and other relevant assets.
Understand how relevant local laws would apply, in relation to inheritance (for example; Civil Law, Sharia Rules etc.).
Putting in place the most appropriate legal structures such as wills or other legal vehicles to pass wealth to the next generation.
Liaison
Time must be taken, by those managing the Family Office, to establish and develop close relationships with the relevant family and with other professionals advising them. Dixcart believe this relationship is critical.
As well as providing technical expertise in terms of structuring, professionals at Dixcart also understand family dynamics and frequently assist in offering advice as to how to improve communication and how to avoid potential conflict.
Family Office Advisory Services
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