Intentional design can turn a limitation into a defining strength. Steven Spielberg did not get the shark he expected in Jaws, but he created a better movie by controlling what the audience could see, when they could see it, and how much access they were given.
Families face a similar design challenge when an operating business no longer serves as the central organizing system for family wealth. Whether that transition happened recently or a generation ago, the objective is the same: decide intentionally who should own, who should decide, and who should benefit.
A good structure does not exist to impress anyone with complexity. It exists to do a job. The better
question is not whether the family has enough structure. The better question is whether the structure it
has is intentional, coordinated, and still worthy of the wealth it is meant to protect.
In our latest quarterly tax letter, we again help you navigate these forces with foresight.
Please reach out to your relationship team to discuss how these themes are incorporated into your portfolio.
For our latest insights, please read our 3Q Tax Letter.