Challenges Faced by Wealthy, Multi-Generational Family Real Estate Enterprises

Families who have created wealth over time through real estate development and ownership have even greater opportunities, but very different challenges, when their focus shifts to preserving that wealth. In many instances, using appropriately trained professionals to guide in the process and electing to create a single family office, or retaining the services of a specialized multiple family office organization, will enable a family to maintain its legacy as new generations emerge.

This useful article discusses whether wealth owners should consider opening a family office.