The Importance of Formal Thinking in Family Offices

In this episode, Tom Handler,  Founder and Managing Partner of the law firm he founded — Handler Thayer, LLC, articulately explains why the first step in setting up a successful multi generational Family Office must start with a well thought out legal structure.  He explains why only 25% of Family Offices make it to the second generation, 10% make it  to the third generation, and only 5% make it to the fourth generation.  Without the proper legal framework, Family Offices will not endure.  It’s a fascinating conversation with one of the leading authorities on the legal aspects Family Offices must explore.  Extremely insightful and thought provoking.  A must listen to anybody who has or is thinking about setting up a Family Office.