<p>The richest people and families from all planet have moved to a new stage of protecting their assets. They have real family offices that solve any tasks related to preserving, multiplying and transferring wealth within the family.</p><div><h2 class="justifyleft"><strong>What is Family Office?</strong></h2></div><p>A family office for <span>High</span><span>-</span><span>net</span><span>-</span><span>worth individual</span><span> (</span><span>HNWI</span><span>) and <span>Ultra-</span><span>high-net-worth individuals</span><span> (UHNWI)</span></span> is called small companies, in which diverse specialists work for one client - a wealthy family. Lawyers, accountants, analysts, financiers and even psychologists gather in a single team and work on an ongoing basis.</p><p>Experts call this a new stage for wealthy people. If in the past the super-fortresses used to attract third-party specialists, the bankers asked, now they have a personal team.</p><p>This gives certain advantages: the cooperation degree within the team is higher than when attracting miscellaneous specialists; the trust degree and information disclosure to them is also higher. This allows you to take into account many more factors, from the state of trusts for children, to the state of health of the head of the family - that information that strangers are most often not informed.</p><p>The family offices were especially popular where wealthy individuals and families live in clusters: London, New York. In 2010 in US, 50 richest people used the services of such family offices and gave assets under management for $ 500 billion.</p><p>On the average, a wealthy person or family can afford a full-fledged family office if the state exceeds $ 200-250 million. Then it makes sense to hire people on a regular basis and increase the already available capital.</p><p>There are exceptions when such a family office is created not for one family, but for several. Then the state of each individual family is about 100 million.</p><div><h2 class="justifyleft"><strong>What is the result of using family offices?</strong></h2></div><p>A whole team of highly specialized experts works in family offices. They take into account the nuances of taxation, investment opportunities, age and the real location of each family member. They have in their hands a powerful lever in the form of a large state of employers.</p><p>What does this result in the end?</p><p>The ability to earn more, save longer, transfer more safely.</p><p>It turns out that the rich do not just earn more. They earn much more. And they become richer and richer.</p><p>Specialists of the family office not only increase capital. They protect and strengthen it. Use trusts of New Zealand? Transfer your offshore company to Nevis? Diversify in gold and bitcoin? Or buy property in a newly opened resort town?</p><p>They don't take 2-3 hours to analyze your situation. They are completely immersed in it. They do not look for occasional opportunities, but constantly compare and choose the best for their employers.</p><p>And it works.</p><p>Of course, this requires a certain degree of confidence. This is ensured both by contracts and simply by human relations. Servants of family offices are not only consultants in finance and accounting. Often these are helpers in life and even friends.</p><p>They help with the purchase of clothes, the search for airplanes tickets, the choice of a gift for a relative, etc. A kind of support service, a call center for one family.</p><p>The same people will be engaged in drafting documents in the event of a divorce, will help resolve family conflicts and preserve wealth intact, despite human troubles (as far as possible).</p><p>Issues of assets transfer by inheritance arouse many disgust, but the more reserves there were, the more offensive they are to lose. Therefore, the offices pay close attention to the creation of structures that will help minimize the taxation in the transfer of inheritance.</p><p>In this sense, an example of Great Britain is exemplary, when billions of pounds are inherited, and taxes are at best several million. But in Britain, the inheritance tax is 40%, if the amount is above 325,000 pounds.</p><div><h2 class="justifyleft"><strong>Is it important to learn from the Family Offices experience?</strong></h2></div><p>If you are a wealthy person, then the asset protection question is acute for you. Especially in Russia, Ukraine, Kazakhstan and many other countries.</p><p>Do you need to learn from the family offices experience to develop a strategy for protecting and multiplying capital? This is a reasonable idea if you have resources and people you can trust. If the whole team is working for your benefit, then why not take advantages from opportunities that are opening up?</p><p>But it should be noted that various human rights organizations, in particular, who are struggling with inequality in society, to such offices issues. How correct and ethical are they? How fair are they? How unfair is their advantage?</p><p>To be brief, this is a huge dishonest advantage. And you will be accused of various sins.</p><p>But for some reason those who loudly scream, usually defiantly protects the life and future of their children, their welfare and doesn't see any difference in it. But let's leave this more social issue for another time.</p><p>Very important is that family offices really offer the opportunity not only to protect assets, but also to do it as efficiently as possible. This is an expensive pleasure for those who have already reached certain heights and incomes. But the potential return on such an investment is like buying an entire company in analytics and generating profits.</p><p style="text-align: center;">In general, this is exactly the properly created and controlled family office. He has a certain degree of freedom, diverse experts, a large database. And together it gives a massive and voluminous result.</p><p> </p><p style="text-align: center;"><em> Get more information about <strong>Castle Family Office</strong> capabilities, by writing us at:</em></p><p style="text-align: center;"><em> </em><em><strong><em><span face="Calibri" size="3"><span lang="EN-US"><span face="Calibri" size="3"><a href="mailto:info@castle-familyoffice.sg">info@castle-familyoffice.sg</a></span></span></span></em></strong> </em></p>