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To preserve for posterity

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Organization of family offices (FO) has been gaining popularity at the market of legal services lately. These are unified centers, which manage financial as well as human, social, intellectual assets of a family. An FO is tasked with a lot of current matters: medical treatment, education, making life more comfortable, recreation, free time, bringing up of future heirs.

A FO as a service becomes interesting, when the high-net’s fortune exceeds 10-15 million US dollars. A multitude of administrative, investment, legal and other problems appear at this stage, which require involvement of specialists, or much time to resolve on one’s own.

There are two main forms of organizing a family office: one manages the assets of a single family, while the other – of several families at once. The structures are special in the way that the founder families invest their fortunes in them and affect the investment strategy forming in some way.

Besides, there also exists the so-called many-client family office. Such office is established by external financial advisors without any share participation of the serviced families and contracts external experts for rendering certain services.

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