[Governance & Succession 6/6] Single Family Office

The Governance & Succession Series of talks is designed to bring together industry experts to explore the challenges and opportunities faced by business families when considering governance and succession to the family business.

The emergence of the Single Family Office is also explored, along with the need for families as well as business professionals to understand the need for robust family office governance and succession plans.

In this final podcast in the series, we shall consider the challenges faced by families as they seek to establish and integrate their family office operations. We shall discuss best practice structuring options, implications of using a trust structure to hold the family office and the need for robust governance controls in order to ensure the longevity of the family office.

A functional comparison of a traditional family office and a family office utilizing the Variable Capital Company (VCC) legislation will be undertaken including discussion of a suitable trust holding structure where a multigenerational family wish to utilize a VCC for cost and efficiency saving purposes.

We shall invite final comment from Kylie Luo of BDO Tax Advisory on the tax challenges in transferring a family office across generations.

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Webinar audio recording dated 24 Sep 2020. See Disclaimer, Copyright and Trademarks at https://www.zaclucas.com/disclaimer