Family Office Basics

A Family Office Primer, From the Basics to Tax Complexities

There’s a new resource available for anyone considering starting a family office — or those who want to brush up on tax and business issues related to family offices.

What goes into setting up a family office?

For families considering starting a family office — or those who want to modernize an established office — Deloitte’s Essential tax and wealth planning guide, 2024 edition, contains useful information in a chapter entitled “Setting up the family office: Protecting your legacy.”

Quiz: Test your family office knowledge

How typical – or atypical – is your family office? Benchmark yourself and test your general knowledge of single family offices with our five question quiz.

Why have a family office?

For about two-thirds of family offices (67%), it’s to facilitate the administration of family wealth.
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The Multi-family Office

Multi-family offices, which serve multiple families with common financial needs, can offer efficiencies, and they can give families access to more specialized services than they might have access to on their own