Throughout the United States and across the world today, high-net worth executives and individuals are confronting new levels of risk – from the continuity of their operations and the protection of their assets to the safety of their most valuable resource, their people. This personal security expert addresses the risks families face and outlines steps you can take to create a safe environment.
Family Office Best Practices
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Business Continuity in the Wake of Hurricane Sandy
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When disaster interrupts your place of business, what contingency plans do you have in place to continue operations?
HR Matters
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Family and multi-family office executives often ask us for human resources best practices. Our panel of family office human resources professionals will share their perspectives on lessons learned, best practices adopted and legal parameters to be considered in managing employee relationships and the human resource function in the office.
Preserving Your Family Legacy
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With some care and effort, your family’s story can live on and grow with each new generation. This article describes the process of creating a family archive: a treasure trove of historical information about family decendants, business accomplishements and important events. Helpful tips such as archival vendors and types of materials to use are included.
Managing Paradox
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Entrepreneurial stewardship is the key to perpetuating family wealth through multiple generations. Stuart Lucas and David Lansky discuss some of the paradoxes of maintaining a healthy, wealthy multigenerational family and how to address effectively these paradoxes.
A Multigenerational Family Safari in Tanzania
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This issue of FourThought explores the questions which arose for a multigenerational family — questions about ultraluxury travel, private aviation, emergency medical care, and personal security — as they planned a trip to Tanzania for a safari on the Serengeti Plain. In a trip designed personally for the family, each element of the trip has been tailored to the requirements of all three generations as they travel together.
Purposeful Travel
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Purposeful travel is using travel as a shared family experience designed to strengthen the family's common purpose. There are endless opportunities for a family to engage in purposeful travel without at the same time holding a family meeting.
This paper examines the advantages and disadvantages of four compliance options available to U.S. taxpayers who have not reported all of their non-U.S. income or who have not complied with all of the various reporting requirements applicable to non-U.S. income and assets.
Guide to Going Paperless
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Business owners and managers are looking to get rid of operational bottlenecks caused by outdated methods of storing and retrieving documents.
This article addresses some of the most important legal and tax issues the real property professional needs to know when representing foreign investors in the United States, as every aspect of involvement is different from those of a domestic purchaser.