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More than ever before, families and individuals are creating trusts and limited liability companies and transferring legal ownership of one or more of their properties to these entities. Very often these arrangements are an important component of a family’s overall financial and wealth management strategy. But without an insurance program tha...

So, you need to hire someone to work at your home—a housekeeper, a chef, or a personal assistant. You have decided not to contract these services to a local company, and your family office does not hire staff for you. It is up to you to fill this position. Before letting a stranger into your home, it is important to understand the domestic em...

If you are wondering how it is possible that everyone in your family is offering an excuse for missing the family meeting date, then it is time for some new ideas or approaches to turn these meetings into events that no one wants to miss. How? By planning a purposeful family event that also happens to include the family meeting. In addition, it wil...

When it comes to placing a value on your fine art collection, it is important to understand and debunk the appraisal myths. It begins with correcting the myth that an appraisal is not needed when in fact it is crucial to establish and protect your valuable collection. Know the facts and guard yourself against the myths that could place your fine ar...

Lending or transporting your artwork is one of the most vulnerable times when you are susceptible to losses. When it comes to protecting your artwork against those losses, this checklist will help you understand the benefits of working with vendors that have the right level of experience and reputation to help you make an informed decision.

In the last few years, hackers and cyber criminals have become much more sophisticated in how they steal private information, which has led to massive data breaches. These data breaches not only cost an organization hundreds of thousands of dollars in fixes and possible fines, they can ruin a long-established reputation in a matter of hours. Puttin...

Bring Your Own Device (BYOD) policies are becoming more and more popular, and with good reason. As the capabilities of tablets and smartphones continue to rapidly expand, the mobility revolution has been a boon for businesses and employees alike, enabling greater productivity and more flexibility. BYOD amplifies those efficiency gains, reducing adm...

Vulnerability assessments and penetration testing may uncover areas where hackers can break in, but what if they are already there? Cyber Hunting is a proactive strategy to identify if anyone is already on your network versus waiting for an actual breach to occur. Most breaches occur weeks or even months after the attacker gets a foothold on the ne...

The U.S. Department of State estimates that more than 8,000 Americans die in a foreign country each year. While some of those are permanent residents and long-time expatriates, thousands more are tourists or individuals traveling for business. For families and their enterprises receiving that unexpected news, the first inclination may be panic. Hav...

For American companies who do business in Europe or who process the personal data of EU residents, the world of data privacy and security is about to get much more complicated. While U.S. privacy law is unsettled, with rapidly proliferating state and federal laws and regulations and uncertainty as to how strictly they will be enforced, the rules in...

Since the early 1900s, wealthy families have borrowed from corporate America to draft mission statements or similar declarations to define their shared values and legacy. And much like the corporate world, not everyone agrees on the term “mission statement.” Many families and advisors prefer words like purpose and vision. Whatever forma...

Collecting art can be a gratifying experience that can take you into an exclusive world of auction houses, galleries and artists’ studios. There’s a lot to learn in the early days of collecting, and most collectors start small. But if you want to elevate your art buying to collecting, it’s necessary to make a mental shift, includi...

Cyber risk has moved from the IT department to a full-fledged enterprise risk. Unfortunately, a cyberattack can hit a company at any time. There are, however, practical, actionable steps to ensure that when a cyberattack hits, your company and board will be both ready to address the threat and resilient enough to recover from it. Leveraging a flexi...