With globalization, preserving family wealth across generations has become increasingly difficult, to the extent that a growing number of family businesses tend to disappear after the second or third generation.
The millennial generation will benefit from the greatest inter-generational wealth transfer in history in the coming years, and family businesses should make their best efforts to accomplish the transition simple and organized.
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Families desire the facilitation of the inter-generational transfer of wealth, as well as a reduction in intra-family disputes and avoid as much as possible conflicts around their governance structure and interests alignment, confusion of family business with family wealth and the actual need to centralize operations.
In addition, regulatory trends, operational challenges and fast paced technology changes tend to hold back the family enterprise’s capability for growth.
We have vast experience in advising family-owned corporations, as well as an extraordinary sensitivity for family relationships. Let us assist you in dealing with the issues associated to corporate management and family succession, which requires a very particular skill set.
We support our family-clients in the set-up of a single family office and provide them with administrative support, preparation of family protocoles and careful planning of business ownership, succession and transfer.
We can provide your family office operations with a single point of contact to coordinate the day-to-day management and ensure clear communication across multiple jurisdictions.
We ensure that accurate and sufficient documentation exist to meet the legal requirements in every country, that enable authorized corporate representatives before the corresponding authorities.