Trust, Tax, Estate, and Customized Investment Management Under One Roof in Boston

At its core, a family office manages investments for both current income and long-term growth. Needs vary depending on age and the stage of life for each person—perhaps grandparents want to create a method of helping with the cost of higher education for a newborn grandchild. Or maybe a younger person starting out in life needs a realistic financial education. With internal capabilities and the added benefit of a vast network of external affiliations, a family office can provide counsel to help multiple generations of people navigate today’s complex financial landscape.

Financial Matters to Consider as You Age

A family office and its network of professionals can be a trusted “one stop shop” to handle many of life’s complex and important details that require focused experience. Here are some examples.

Is my trust and estate plan, health care proxy, and power of attorney up to date?

A family office partners with attorneys who craft estate plans for the benefit of multiple generations. The office can also follow through with professional trustee services.

How will I handle settling a family members estate?

A family office can also handle the technical estate settlement process at the end of a loved one’s life.

Who is handling my tax planning and preparation today?

A family office can often handle the planning and preparation internally under one roof.

How do I deal with the complexities of Medicare?

A family office could include networks of external specialists who can assist in this area.

Are my insurance policies up to date and the best available? What about long-term care?

A family office draws independently upon a network of outside experts who can audit existing insurance and suggest policy improvements.

How is the endowment board I sit on being invested?

A family office could offer a “second set of eyes.”

Since 1838, Welch & Forbes has been a trusted advisor for individuals, families, not-for profits, and endowments functioning in the tradition of a family office offering trust, tax, estate, fiduciary and customized investment management services.

Disclosure: This communication is a paid partnership between Welch & Forbes and Boston Magazine and reflects the opinions of Welch & Forbes. All material presented is believed to be reliable at the time of publication. It is not a testimonial or endorsement. This communication is intended for information purposes only and does not recommend or solicit the purchase or sale of specific securities or investment services. Readers should not infer or assume that any services described were or will be profitable or are appropriate to meet the objectives, situation or needs of a particular individual or family, as the implementation of any financial strategy should only be made after consultation with your attorney, tax advisor and investment advisor.

For more information on how a family office can help you, reach out to Welch & Forbes at 617-557-9800 or info@welchforbes.com.

This is a paid partnership between Welch and Forbes and Boston Magazine