Most people feel honored when they are tapped to serve as trustee of a family trust. It’s an important leadership position as well as a powerful role in managing a family’s wealth. The trustee also has significant influence over the long-term well-being of the beneficiaries. It is a role that is not...

The goals of family education include understanding the family’s values, legacy, and sources of wealth, increased engagement in the family enterprise, and basic financial literacy. Here’s how family offices prepare the next generation of family leaders. .blog-banner{ display:none; }

In March, Warner attorneys Jon Kok and DeAndre' Harris presented a webinar for the FOX Human Capital Network. The topic was common mistakes that managers, including family office managers, can make that could leave the office or families open to employment liability.Employment mistakes have bee...

What does a business succession plan look like?The term “succession planning” can sound daunting to business owners, even when they know it needs to be made a priority. Starting your plan doesn’t have to be so overwhelming though, if it’s taken one step at a time. A succession plan should not b...

What a difference a year makes. Trade war predictions, Facebook data scandals, inflation concerns and Federal Reserve comments have been whipsawing markets in the first few months of 2018. As a testament to the increased turbulence, through mid-April we had already notched 28 trading days that resul...

Our minds are on constant information overload from article headlines, tweets, and even conspicuous eavesdropping in coffee shops and subways, often causing us to get stuck in conversations on topics that we must bluff our way through. I remember being at a family philanthropy conference several yea...

Author: Rena Greifinger, Senior Lead MaverickNext, Population Services International Empathy. Child-like curiosity. Trust. Failure. These traits are what should guide the next evolution in philanthropy.I think often about the future of the social sector, not just because it is what my current j...

I am the oldest son of a successful business owner and have been actively involved in the business for 14 years. I have two siblings who are not currently active in the family business but may be in the future. As my father’s level of involvement in the business naturally slows, my responsibilities ...

"How do you prepare younger family members to manage their wealth well and flourish in their own lives and in their families?"Every family is challenged to find creative ways to engage family members in the process of learning – about the family and what it values and owns, as well as what it takes ...

Two events in December 2017 presented new tax challenges for family offices and provide a reason to evaluate the structure of the office and the current classification of family office expenses. One is the US Tax Court’s decision in Lender Management v. Commissioner, TC Memo 2017-246 (“Lender”), and...