Family offices are in a unique position to prepare their organization and the families they serve for a variety of outcomes. While discussing future transition on the passing of a principal can be an uncomfortable and sensitive topic, proactively having these conversations and thoughtfully developing organized plans at a time when everyone is able to participate is imperative. During this session, we explore the range of issues to consider such as financial implications when planning for a transition, potential challenges and considerations associated with the disposition of specific assets, the need for a clear articulation of philanthropic goals and objectives, and development of transition/succession plans for the family’s enterprises, including the family office.

Speakers

• Karen Brodsky, Global Private Client Tax Leader, Deloitte US
• Laura Hinson, Deloitte Tax Managing Director, Deloitte US
• Dr Michael Massbaum, Private Client Services Leader, Deloitte Germany