Family Office

Family life can be complicated. Complex relationships, combined with family wealth and business interests, can be difficult to navigate. That’s where we can help.

PROTECTING YOUR FAMILY’S FINANCIAL LEGACY

We know that every family is different. Our Family Office will work with you to develop a tailored solution for your family’s unique needs. Our dedicated team will help you plan for your future, protect and grow your wealth, and facilitate the transfer when the time is right.

Family Office covers everything from estate planning, trusts, tax structures and investments through to philanthropy, succession and lifestyle assistance. We can help you live the life you want, create a lasting legacy and prepare the next generation to take over the reins.

And, in the process, we hope to make your family life a little easier.

FAMILY OFFICE OFFERS AN INTEGRATED RANGE OF FINANCIAL AND LIFESTYLE SERVICES

TEAM OF SPECIALISTS

Working on your behalf, familiar with the complexities of your situation

CENTRALLY COORDINATED

Convenient approach that saves time and money

FAMILY SUPPORT NETWORK

Providing wealth education, governance and structure

FAMILY LEGACY

Building, preserving and transferring wealth between generations

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PLANNING

Set the platform for your family’s future

Strategic family plan

Your family’s wealth journey begins with creating your strategic family plan. This is your financial roadmap and will include your values, vision and priorities for your wealth. Working together with Perpetual, we will create an investment policy, which will govern how your family invests its wealth, and how these investments will be structured.

Family governance plan

Your family governance plan documents how your family will work towards a shared vision. Roles and responsibilities will be allocated to different family members, and the process for making decisions will be agreed. A family constitution will be established to help govern investment decisions, manage risk, and ensure an easier transfer of wealth across generations.

Estate plan

Your estate plan will help protect your family’s wealth and ensure your wishes are carried out in the future. Building your estate plan can involve:

Establishing a succession plan for your business to protect its value and ensure an easier transition to new owners
Creating a Will and appointing a Power of Attorney to look after your affairs when you’re no longer able to
Arranging for your superannuation to be paid to your dependants
Establishing a testamentary trust to protect your assets after you die

Manage your wealth, create an income stream to live the life you want

Family governance meetings

To allow you to stay in control of your wealth as your family grows, we will help you to establish a family council. This council will represent all groups within your family, and will make decisions on their behalf at regular governance meetings. We will also help you to create different sub-committees under this council, which will manage your family office, your business, make investment decisions and oversee your philanthropic interests.

Tax and compliance

We can help you to minimise tax on your investments, and the transfer of your wealth. We can also provide advice on tax effective structures like trusts, take care of your personal and business tax returns, and complete capital gains tax reconstructions for your assets.

Investment management

Perpetual’s investment philosophy is simple: to first protect and then grow your wealth. It’s a philosophy built on quality investments, which we believe provide the best opportunity for positive returns over the long term, while managing risk.

Lifestyle assist

Simplify your daily life with lifestyle assist, a personal concierge service. Let us take care of your ever growing “to do” list, such as:

Bookkeeping for your business
Banking, bill payment and tax returns
Assisting with medical claims and care
Arranging travel or home services

You can tailor a package of services to meet your ongoing needs, allowing you to spend more free time with family and friends.

Insurance

Having the right insurance cover will protect you, your family and your business. Perpetual’s risk specialists have solutions to cover you and your family’s personal needs, and they also help you to protect your business.

Philanthropy

You can create something remarkable by financially supporting charities or causes that are important to you and your family.

Next generation development

Are you concerned that your family’s next generation may not be ready to manage your wealth? We can help prepare them for this role, involving them in family governance and committee meetings, and providing ongoing education and mentoring to help develop their skills to manage your family’s financial legacy.

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SUCCESSION

Transition and transfer your wealth, control your legacy

Wealth succession

Estate planning and trustee specialists will help you to retain control over your assets when you die, and determine who will make decisions on your behalf. This ensures the wealth that you’ve worked so hard to create is transferred to younger generations tax effectively, and according to your wishes. Perpetual can also manage critical documents on your behalf, such as your Will, probate application, tax return and other Court notices, as well as distributing the assets within your testamentary trust.

Trustee services

Australian families have entrusted Perpetual to establish and manage trusts to protect and grow their assets for over 130 years. So whether you establish a trust during your lifetime, or through your Will, Perpetual can act as an independent steward to provide for your family for the long term.

Estate administration

To relieve your family of the burden of managing your estate, Perpetual can take responsibility of all requirements, as executor of your Will. As an independent third party, Perpetual treat all beneficiaries equally and respectfully, which is particularly important in complex family situations. This ensures the terms of your Will are carried out and each beneficiary informed of progress.

Perpetual also have the expertise to manage and defend any claims against your estate, as well as manage the complex investment, taxation and legal matters that can arise.

SECURE YOUR FAMILY’S FUTURE

To find out how we can simplify your family life and secure your family’s financial legacy contact your Fordham Partner or Pat Donato, Fordham National Managing Partner, on 03 9611 6645.