Family Office Document Retention: FAQs About How to Manage Risk

In a rapidly evolving virtual world, many family offices are revising or creating document retention practices to make sure they have secure access to critical personnel and family financial records. Through a series of FAQs and a checklist of what documents to retain, you can ensure that you have an up-to-date document retention policy as part of your document management process that will help mitigate concerns over data security and loss of key information. Having this best practice in place will also enable a faster response to sensitive and urgent matters such as a cyber incident, material health event, or family business transaction.