"Designed to prepare family members to collectively manage, sustain, and grow their wealth across multiple generations, family offices can aid families in managing their tax, fiduciary, and compliance needs; assist in investment management, risk management, estate planning, and trust administration; provide support for philanthropic activities; conduct financial education programs for family members; and support family governance and wealth transfer and create continuity, cohesion, and purpose for families around their wealth. Those who may be familiar with the concept of the family office may not know how to identify whether it is right for their families or client families. This book will demystify the concept of the family office, clarify who should consider joining a multi-family office or starting their own single-family office; explain what services may be rendered by the office and what the expense to the family may be. This new edition will have updated data and new case studies/examples"-- Provided by publisher