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Keeping a Family Office Relevant for the Long Term

A useful family office delivers on the important operational needs of the family regarding investing, legal and tax issues. However, this doesn’t guarantee that family members will turn to their family office with thorny personal questions or that the office will evolve with the family in a deeply connected way across generations. Attending to the family’s many practical needs is only one component in serving the family’s strategic needs or the factors supporting multigenerational success.

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