Your success as a Mexican or Latin American investor has given you an incredible opportunity to make a difference in the world around you by supporting the causes you feel most passionate about. As an ultra-high-net-worth individual (UHNWI), you have many options when it comes to how you want to oversee your charitable giving. You can choose to do it yourself, or you can delegate it to someone else in your family. However, one option that you may not have considered is using a family office to handle your philanthropy.
At MEG International Counsel, we help investors like you join the community of wealthy families across the world who are using single family offices, multi-family offices, and outsourced family offices to assist with their charitable giving and maximize the impact of their generous donations.
An International Family Office Guides Your Charity and Philanthropy
A family office is a private wealth management firm that provides financial, legal, and tax services to ultra-high-net-worth individuals and their families. Family offices are typically staffed with a team of professionals who have experience in investment management, tax planning, estate planning, and philanthropy. This comprehensive approach to wealth management ensures that families have all their financial needs taken care of in one place.
There are several benefits to using a family office for charity and philanthropy, including:
- Objectivity. Align your giving strategy with your own goals. Whether you're passionate about education, health care, or human rights, a family office can provide an objective perspective on your philanthropic goals.
- Impact. Keep control of your legacy. Since you want to ensure that your gift won't be wasted on unnecessary administrative overhead, a family office can help you maximize the impact of your giving by recommending high-impact charities and strategies for giving while living.
- Efficiency. Save your valuable time by streamlining your giving. A family office can help you by researching and vetting potential charities, managing donations, and preparing tax documents.
- Flexibility. Maintain flexibility in how you give by receiving advice from your family office on donor-advised funds, private foundations, and other giving vehicles. If needed, your family office can create a grant-making foundation on your behalf.
Let MEG International Attorneys Help You Create a Family Office That Can Effectively Focus Your Charitable Giving
If you're passionate about making a difference in the world around you, MEG International Counsel can help you decide which type of family office arrangement is best suited to manage your philanthropy. 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 make the most impactful gifts. To schedule a consultation, contact us online or call us today at (800) 694-6604.