Family Office Establishment, Administration & Representation

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Culp Elliott & Carpenter is a trusted advisor to high-net-worth families and asset managers, and we regularly advise both in connection with family office services. We represent successful families to help them structure their investments and holdings to preserve and protect wealth.

We offer a tradition of innovation and significant intellectual capital gained from helping generations of families preserve and protect great wealth. Depending on the needs of the client, we may act as the client's family office, assist a family office in certain tax estate planning, trust, and corporate matters, or assist in the establishment and governance of a family office.

We Provide:

General Counsel of Family-Owned Businesses
Next-Generation Business Opportunities (acquisitions, start-ups or other business pursuits)
Corporate Governance Matters (including family office agreements and shareholders’ agreements)
Trust, Estate and Gift Planning
Creation of Flexible “Dynasty Trusts”
Business Succession Planning
Intrafamily Ownership Transfers
Federal and State Income Tax Planning
Prenuptial Wealth Planning and Family Counseling
Formation and Maintenance of Trust Companies
Domestic and Foreign Asset Protection Trusts
Private Equity and Venture Capital Investments
Probate and Estate Administration
Philanthropy Planning (including the formation of nonprofits, charitable trusts and foundations)
Purchase and Divestiture of Family-Owned Businesses and Real Property

Many of our family office clients’ holdings include complex asset portfolios consisting of one or more closely held businesses, concentrated pools of public stock and real estate. We counsel family offices on complex shareholder and operating agreements integral to preserving family harmony and fairness, including rewarding those who contribute most to the welfare and betterment of the family while still providing security to the family members who choose different paths.

With a clear understanding of these areas, we know that a well-structured plan and execution of that plan is critical for wealth to transcend multiple generations. Using tax-efficient strategies, we create and implement practical and flexible plans to meet the needs of family offices. We are committed to meeting the needs of the families we represent and the businesses they own and are proud of our national reputation for helping family offices design and implement structures that protect and transfer wealth and businesses to future generations.