The documents provided that when the first brother dies, he is replaced by no one. When the second dies, no one. The survivor governs a family office…

The documents provided that when the first brother dies, he is replaced by no one. When the second dies, no one. The survivor governs a family office worth hundreds of millions - alone. Nobody designed that. It was simply where the family stood the day the papers were signed.

Here is the full fourth installment of our Family Office series - who runs the family office after you, and why getting real governance in place is worth the effort, while everyone is still in the room.

Jeffrey Rosen, CPA, CGMA, MBA and I lead the Family Office practice at Frazier & Deeter. Follow me to subscribe to our weekly newsletters.

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