First let me state, that there is a vast difference between "well-being" and "being well off". Families living in a privileged situation often lose their freedom to dispose of their time and energy by becoming embroiled in countless hours of administrative hassle. Preferably they ought to seek a personalized framework that will allow the family members to devote their time to the things they care most about. A dedicated family office structure can provide for the necessary stability, continuity and freedom.
The families seeking to successfully preserve their human and financial capital are prudent to evaluate the benefits and costs of having their own structure that integrates all or some considerations pertaining to governance, legal, financial, business ownership and other family related matters. Under the experienced guidance of MA, families weigh the benefits of establishing their own family office, or to seek refuge under an existing Multi-Family Office structure.
Begin with your own personal reflections by answering some of the essential questions: