Family Office Services

Trustlink provides comprehensive guidance to numerous family office clients throughout the United States using a multidisciplinary approach that includes attorneys from several practice groups across the firm.

  • We offer integrated legal services to help wealthy families and business owners set up and manage family offices, pooled investment structures, private trust structures and foundations to accomplish their family business, investment and philanthropic objectives.
  • Our substantial knowledge of the areas of law that apply to these arrangements has been gained from our experience working with families of significant wealth for generations.

Family offices are privately owned entities established by wealthy families to manage their wealth, plan for their families’ financial future, engage in investment opportunities and provide other services to family members. Family offices can be formally structured or operated informally. In recent years, many families of wealth have come to realize the numerous benefits of establishing a structured family office, including:

  • enhanced control
  • privacy and customization of their asset allocation
  • wealth and risk management
  • overall legacy plan

Trustlink routinely represents family offices, their executives and family principals in a wide variety of complex matters. Our family office clients, who are in the U.S. and abroad, range from families with several hundred million dollars of investable assets to families with several billion dollars of investable assets spread globally across numerous asset classes.

Our Family Office Services Group serves the many needs of family offices, including private equity, hedge funds, mergers and acquisitions, domestic and international tax, trusts and estates, investment management, regulatory, compliance, risk management, corporate governance, securities, finance, real estate, labor and employment, intellectual property and litigation, among other areas.

The attorneys in our Family Office Services Group develop techniques aimed at preserving and protecting clients’ wealth from potential liability and in promoting transparent and conflict-free transition among generations in closely held businesses. We customize plans for family members, giving consideration to business impact, tax liabilities and personal risks as well as insurance coverage, asset holdings and philanthropy.

High-net-worth individuals also turn to Trustlink for our experience with sophisticated trust, administrative and estate planning. We employ varied strategies to successfully protect and transfer wealth to family members and/or charities including:

  • business succession planning
  • family limited partnerships
  • flexible dynasty trusts
  • irrevocable life insurance trusts
  • grantor retained annuity trusts
  • asset protection trusts established in both domestic and foreign jurisdictions
  • comprehensive private business and corporate services
  • prenuptial and post-nuptial agreements

Family offices face the same complexity and regulatory requirements as other small investment companies. As such, Trustlink provides a complete suite of services aimed at ensuring the proper management of the firm from an administrative standpoint.

Our group works with families to form the entity, develop the documentation for its capital structure and governance, and suggest best practices for day-to-day management. We have extensive experience in employment and labor relations, providing counsel on benefits administration, executive contracts and compensation, confidentiality agreements and dispute resolution. Crafting agreements between family members, such as family constitutions, and succession planning are focal points of our practice.

Trustlink represents a multitude of closely held businesses, providing counsel on complex shareholder and operating agreements. This often enables those who most contribute to the welfare and betterment of the family to be rewarded appropriately in the form of buy-outs and preferred status while still providing security to the family members who choose different paths.

With the strong backing of the nation’s largest and most credentialed Private Wealth Services practice, we assist clients in all facets of trust and estate-related matters, including domestic and international trust and estate planning; advising on setting up not-for-profit organizations and foundations created by individuals, families or their companies; advising on making large charitable donations, legacies or gifts; premarital and post-nuptial agreements; asset protection; and business succession planning.

Trustlink regularly counsels clients in connection with establishing international business operations and business partnerships as well as company and asset sales, acquisitions and financings, including debt and equity investments in portfolio companies and advice in connection with portfolio company IPOs and related stock sales.

We have substantial experience with client allocations to third-party fund managers, including performing manager due diligence; negotiation and preparation of side letters; negotiation of prime brokerage agreements, ISDAs and futures account agreements; and negotiation and documentation of separately managed accounts, single investor funds and special classes of funds. Our Family Office Services Group leverages the knowledge of more than 300 attorneys in the firm’s Business Section, including members of our Fund Formation Team and Private Equity, Investment Management, Venture Capital and Private Investment Funds practices.

Trustlink provides counsel on a wide range of investment opportunities. We represent family offices on matters concerning federal and state securities laws, private securities offerings, investment advisory services, state filings and related registrations. On complex investments such as private equity deals, hedge funds and private placements, we review the offering and guide family offices on achieving the most advantageous position from a legal and tax perspective. Within the family, Trustlink creates private trust companies, credit arrangements and business agreements among family members.

Trustlink counsels clients on state, federal and international tax issues, including providing advice regarding the Foreign Account Tax Compliance Act (FATCA) and international disclosure requirements, and tax optimization. Additionally, our Family Office Services Group provides tax controversy representation before the Internal Revenue Service (IRS) and state and local tax authorities.