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Single family offices, multi-family offices, and outsourced family offices can all provide valuable wealth planning services for UHNWI from Mexico or Latin America and their families. At MEG International Counsel, we encourage our clients to utilize the family office as a way to streamline both their finances and their lives.

What Wealth Planning Services Can a Family Office Provide?

We make sure your earned legacy will be protected to provide for your generations. The wealth planning services offered by a family office will vary depending on the family's unique needs but often include succession planning, gifts during a lifetime, estate planning, life insurance, and prenuptial agreements.

Succession Planning (Continuity of the Company)

A family office can help with the succession of a family business by working with the current owner on a plan to ensure the company remains successful after they retire or pass away. This may include identifying and grooming a successor, helping to transfer ownership, and providing financial advice to the new owner.

Gifts During Lifetime

A family office can assist with gift giving during a person's lifetime. This may include advising on the best way to structure a gift, helping to select the right asset, and providing tax advice.

Estate Planning

Keep your wealth with your family by preserving your legacy. A family office can help with estate planning by working with the family to develop an estate plan that will minimize taxes and maximize the inheritance for the beneficiaries. This may include setting up trusts, identifying assets to be included in the estate, and determining who will receive what.

Life Insurance

A family office can help with life insurance planning by working with the family to determine how much coverage is needed and what type of policy would be best for their needs. They can also help compare different policies and select the most suitable one. Refer to our complimentary whitepaper, How Should Mexico Residents Hold Life Insurance Policies in the United States?, for more information about life insurance as a wealth planning tool.

Prenuptial Agreements

A family office can assist with prenuptial agreements by helping to negotiate and draft the agreement. They can also help to review the agreement to make sure it is fair and equitable for both parties. Gain assurance that your assets will be protected with new nupital arrangements. 

MEG International Counsel Can Guide You With a Plan to Protect Your Assets

You've worked hard for your wealth - You shouldn't lose it to taxation.

If you're interested in exploring the family office approach, MEG International Counsel can help you decide which type of family office arrangement is best suited to your needs. Attorneys Antonio Gastélum and María Elia Gastélum have the expertise necessary to address the challenges faced by wealthy cross-border families and can assist you in creating a family office that will provide wealth planning services to protect your family's assets for generations to come. To schedule a consultation with MEG International Counsel, contact us online or call us today at (800) 694-6604.

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