Family offices are private family-owned entities created to manage wealth.They are a mechanism for families to plan for their financial future, take advantage of investment opportunities, and provide other services to family members.
Benefits of Blank Rome’s Family Office Practice
Blank Rome is committed to the preservation of wealth built by families and businesses. To best serve our clients, we utilize attorneys from various practice areas within the Firm who are well-versed in matters ranging from corporate, M&A, and securities, to finance, labor and employment, real estate, trusts and estates, and intellectual property. We provide comprehensive legal services to assist business owners to form and manage family offices and private trust structures.
As a multidisciplinary law firm, we offer integrated legal services from various practice groups across the Firm. Attorneys within our family office practice have substantial experience providing reliable advice to wealthy families and family offices, and include attorneys within our leading bicoastal matrimonial and family law practice. We view ourselves as “family business advisers” whose collaboration with our clients’ accountants, investment advisors, financial planners, and life insurance professionals enables them to develop and implement appropriate and tax-effective strategies for asset management, business succession planning, and the transmission of wealth to subsequent generations. Recognizing that each family business is unique and requires customized solutions to meet their objectives, we go the extra mile to get to know our clients and to understand their culture and goals.
Our multidisciplinary family office practice offers comprehensive services, which include, but are not limited to, the following: