Our history puts us at the forefront of structuring family offices for prominent Chicago families. We measure our considerable impact by the successful family businesses we represent, and our sought-after reputation for crafting and executing well-structured family office plans critical to support inter-generational wealth.
The Rise of Family Offices
Family offices have emerged worldwide as a key structure to protect wealth and facilitate its governance from generation to generation. We help families near and far evaluate the criteria for setting up a family office, including legal and tax structures, ease of doing business, regulatory requirements, and financial flexibility for future restructuring. Family offices rely on us to advise on their most complicated legal issues—structuring investment vehicles, managing employee incentives, ERISA and benefit plans, implementing tax and regulatory compliance safeguards, and setting up and administering trust, estate and gift planning interests.
As family offices mature, we navigate transitions from founders to younger family members who may have different goals, perhaps looking for diversification or drawing away from a company that is already launched to pursue new endeavors. We focus on the preservation of wealth with an eye toward future generations—new business acquisitions, sales, divestitures and other next generation opportunities, business succession planning, intellectual property and information technology transfers, pre-nuptial wealth planning, intergenerational conflicts and family counseling, private aviation purchases, and real estate investments.
The Future of Family Offices
Family offices are a core practice of Neal Gerber Eisenberg. We support the increasingly sophisticated structure of family offices involving multiple enterprises spanning several generations. We adeptly navigate the operational, regulatory and wealth management issues family offices must address to thrive.