Family Governance

LawTrust Swiss > Family Governance

thoughtfully constructed family constitution

Families are very special parts of our society, especially when they can work together toward common goals. In fact, the ability of generations to work together can be a true wealth-producing machine. It requires a very long-term view, excellent family dynamics, and a little bit of education and “starter wealth,” but if done properly, it can be far more powerful than any other personal finance concept. This is where proper organised Family Governance can help.

LawTrust Swiss has experience of variety of approaches to governance and dynastic planning. For us family governance is the decision of a family to agree on how they will communicate with each other in order to manage family’s assets and wealth and save them for future generations.

Families need to agree how to handle the family assets, what the assets mean to them and what sense and purpose the assets have. It is a question of finding an understanding within the family based on common values. This then forms the basis for managing the family assets and should make it possible to find solutions to any conflicts within the family. We guide and support the financial lives of select families that are invested in the accumulation, management and transfer of their wealth.

Our team will organise a variety of services including objective financial counsel, investment advice, legacy and philanthropy planning, risk management and asset protection strategies, trust and estate planning as well as lifestyle management. We can set up a trust or a foundations from which you build your legacy.

In essence, LawTrust Swiss services entail the coordination and management of a client’s household financial affairs. We act as a liaison to other trusted professionals such as investment and financial advisors, lawyers and the like while also offering a multi-disciplinary approach to providing investment and financial counsel to its private clientele.

We focus on the family and its members. Each member has their own influence on the family with their individuality. The challenge is respecting this individuality as well as supporting the cohabitation, welfare and common values of the family. It is a question of finding an understanding within the family based on common values. This then forms the basis for managing the family assets and should make it possible to find solutions to any conflicts within the family. It also determines responsibilities for the individual people. Good family governance provides a family with a structured framework and a clear organization, through bodies and instruments defined in advance.

Wish to discuss this further? Do get in touch with us.

We understand and create strategies to support the complex needs of growing, managing and transferring wealth.

The structures that we create represent the most sophisticated and unique wealth solutions available and employ the most up-to-date legal and commercial thinking.