The Family Office: Why Have One? #127

Simply Tax

Join host Damien Martin in his ongoing quest for insights and best practices for affluent families and their advisors as he sits down with guest Jeff Davidson to unpack the often mystifying and sometimes daunting world of the family office. Here’s what’s covered:

• Who is Jeff Davidson? [02:35]
• Developing a national family business succession planning practice [07:11]
• The definition of a family office [11:25]
• Running a family office [13:41]
• Common challenges for families [16:59]
• Cost considerations for family offices [18:40]
• Figuring out the focus of the family office [20:46]
• Family meetings and addressing the gorilla in the corner [21:09]
• Leading effective family meetings and learning more about succession planning [25:18]
• Trends in philanthropy and family offices [28:38]
• Best practices for creating a lasting family legacy [30:30]
• What’s surprised Jeff most in his work with families and family offices [31:28]
• Why family offices are important for preserving wealth [32:32]
• How to decide between a single-family and multifamily office [33:05]

Learn more about Jeff and get the additional resources mentioned in the episode here!

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