SYNOPSIS: What is a family office? This is a question we sometimes hear from people who simply don’t know. A family office is a professionally staffed operation that is responsible for managing the assets.
Managing a Ultra-High-Net-Worth Family Business
BY: ,
[embed]https://vimeo.com/852108318[/embed]
We started our “what the heck is…” series of articles and videos to help people begin to develop an understanding of topics relevant to The Unger Company’s business. In this video, we answer the question: What the heck is a family office? A family office is a professionally staffed operation that is responsible for managing the assets, mostly financial, and possibly some of the legal and other dealings of an ultra-high-net-worth (UNHW) family. In the case of a single-family office, it will be supported by an UNHW family who are likely to have at least $75-to-$100 million generating revenue. The office staff could include only a few people or possibly a few dozen who take care of many aspects of a wealthy family’s life. As estate tax strategists, The Unger Company works with the staff of a family office to help in the planning of wealth transfer to succeeding generations.
“Best Estate Tax Planner in New York, NY”
Top Rated Local Estate Tax Lawyer / Attorney / Advisor
New Jersey is one of five states that only applies an inheritance tax on wealth transfer. The Garden State’s inheritance tax dates to 1892 and has sev…
The history of life insurance can be traced back to burial societies of the Roman Empire. People who belonged to these societies, like soldiers, would…
Connecticut’s estate tax picture is interesting for 2023. The state has raised its estate tax exemption to $12.92 million, which is in line with the f…
An in terrorem clause is designed to disinherit someone if they challenge an estate plan. But depending on the state, there could be compelling reason…
Connecticut’s estate tax exemption has moved into alignment with the federal estate tax, but there are important differences that HNW and UHNW familie…
The first modern life insurance policy dates to 1583; today, it protects assets for millions. The Unger Company are experts at using life insurance in…
A family office is an operation that manages the assets of an ultra-high-net-worth family. As estate tax strategists, The Unger Company works with fam…
We are different than financial advisors in many ways, but one idea that may be helpful in understanding what The Unger Company does is that they are …
“Best Estate Tax Planner in New York, NY”
Top Rated Local Estate Tax Lawyer / Attorney / Advisor
Newyork, NY
CityScoop is the top ranked local business news network in the United States. Established in 2008, CityScoop has been providing local communities with high quality news about local businesses and their most recent projects.
