To help preserve their legacies, families increasingly turn to family offices tasked with maintaining multigenerational wealth. According to the UBS 2019 Global Family Office Report, there are 7,300 single family offices worldwide today — a number that has increased 38% since 2017. In the United States, UBS counts 3,100 family offices, up 41% from just two years ago.
Careful estate and retirement planning, including consultation with an estate attorney can help insure that goal.
Source: How to keep multigenerational wealth in the family | On Wall Street