Families have their own specific issues as it relates to wealth management. How to preserve assets and pass them along to future generations in the most tax effective way is one of the thorniest issues.
Evidence has shown that without adequate protections in place, wealth accumulated by one generation can be completely dissipated by the third or fourth generation. To avoid this outcome, families should implement family governance systems to maintain unity and prepare future generations to manage and preserve their legacy.
KFA partners with the family to establish a family governance system enabling the founders of wealth to impart their knowledge and values to their family and provide a roadmap the family can follow after the founders are gone. This ultimately results in a reduction of family conflicts and the preservation of family values and wealth.
No two family governance systems are identical and KFA works with your family to develop and refine a system that works for you which can expand and change over time.