Family Office

For the family of means, a family office offers many benefits. When structured appropriately and managed well, a family office coordinates the stewardship of assets and the pursuit of philanthropic and personal interests. It also provides the flexibility to pursue strategies that take into account the needs of the individuals, as well as the family as a whole. The family office also plays a critical role in defining and preserving a sense of family values. 

Operating a single family office can be complicated and costly. This is why Hemenway Trust Company offers an alternative, multi-family office platform for clients.

We work with families to assess the many factors involved in making the very personal decision to establish a family office, including size of the asset base and family dynamics. Regardless of which path you take, Hemenway Trust Company, together with Hemenway & Barnes LLP, offers a full range of family office services including:

  • Wealth Preservation including portfolio investment, fiduciary services, trust administration, oversight of outside managers, performance reporting and review and integrated tax reporting
  • Wealth Transfer Planning including estate planning and administration, tax planning and return preparation, family gifting/loans, planning for family lands, tangible property and collections, risk management, special needs/disability planning and financial planning
  • Family Education and Governance including family meetings, wealth education of children, marital agreements, and advice and education regarding aging family members
  • Philanthropy including foundation management and charitable planning
  • Legal assistance with residential and commercial real estate, personal litigation and dispute resolution, will contests, tax audit representation, guardianships and conservatorships
  • Household Management including bill paying, mail, budgeting and cash flow analysis and hiring and managing contractors and household staff.

The range of services we provide depends on the goals and needs of each family and we tailor our services accordingly.