This is a question that many have already answered by setting up family office.
Baton of managing and growing family business passes from generation to generation. Transferring legacy to the next generation is the Key, with the aim to ensure continuity. In the process, it is imperative to maintain adequate control over the assets of the family and the businesses.
Hence, this Concept of Family Offices to Plan, Govern and Manage.
Functionally, Family Offices are set up to –