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2022-09-17 09:44:44

SearchAbout USPractices & IndustriesAttorneysInsights  PracticesBanking and Commercial Financial ServicesOverview >Corporate Finance and Lending > Credit Card and Merchant Processing > Fair Credit Reporting > Financial Institutions, Regulatory Compliance and Enforcement > UCC and Secured Transactions > Bankruptcy, Restructuring and Creditors RightsOverview >Business Insolvency, Restructuring and Bankruptcy > Creditor Debt Collection, Foreclosure and Lien Enforcement > Fair Debt Collection > Business and CorporateOverview >Antitrust and Trade Regulation > Aviation > Business Formation and Planning > Business Succession, Exit and Shareholder Planning > Capital Markets and Securities Transactions > Commercial Contracts and Transactions > Commodity Transactions > Corporate Finance and Lending > Employee Benefits and ERISA > Energy > Executive Compensation > Food, Dietary Supplements and Beverages > Franchising > Insurance > International Business > Marketing and Advertising > Mergers and Acquisitions > Privacy and Cybersecurity > Private Equity, Hedge Funds and Venture Capital > Professional Responsibility and Ethics > Securities Regulation and Corporate Governance > UCC and Secured Transactions > EnvironmentalOverview >Environmental Counseling, Permitting and Compliance > Environmental Enforcement > Environmental Litigation > Environmental Site Remediation > Natural Resources - Renewables > Sustainability > Intellectual PropertyOverview >Copyright > Information Technology > Intellectual Property > Intellectual Property Litigation > Patent > Trademark > Labor, Employment and BenefitsOverview >Business Immigration Law > Education Law > Employee Benefits and ERISA > Employment Law (Discrimination; Wage and Hour; OSHA) > Labor Law (Negotiations; Elections; Arbitrations) > Litigation and Dispute ResolutionOverview >Class Action and Mass Tort > Commercial Litigation > Commodity Litigation > Complex Litigation > Construction Claims Litigation and Arbitration > Corporate Governance, Securities Litigation and Shareholder Disputes > Eminent Domain and Condemnation > Environmental Litigation > Food and Agribusiness Litigation > Governmental Disputes and Actions > Insurance Litigation - Coverage and Defense > Intellectual Property Litigation > Personal Injury and Product Liability Litigation > Probate Litigation (Wills and Trusts) > Professional Liability Litigation > White Collar Defense and Investigations > Workers' Compensation Litigation > Real EstateOverview >Acquisitions and Sales > Commercial Leasing > Condominium Management, Development and Creation > Construction > Eminent Domain and Condemnation > Homeowners' Associations > Land Use and Zoning > Property Tax Assessment and Protest > Real Estate Development > Tax, Trusts and EstatesOverview >Business Succession, Exit and Shareholder Planning > Employee Benefits and ERISA > Estate and Gift Tax Planning > Estate and Trust Administration > Executive Compensation > State and Local Taxation and Incentives > Tax Audit Representation and Litigation > Tax Exempt Organizations > Transactional Tax Planning > Wills, Trusts and Powers of Attorney > IndustriesAgribusinessAviationBanks, Lenders and FinanceCommoditiesConstructionEducationEnergyFood, Dietary Supplements and BeveragesFranchisingGovernment and Regulatory AffairsHealthHotels/HospitalityInsuranceManufacturingNatural Resources - RenewablesPrivate Equity, Hedge Funds and Venture CapitalReal EstateTax Exempt OrganizationsTechnology  SearchPlease search to find attorneys  Close BtnMNAbout USPractices & IndustriesAttorneysInsightsCareersLocationContact Us     Thinking Ahead See Things Differently Always On Target Fresh Outlook Exceed Expectations Forge New Directions Helping You Flourish NEWS ATTORNEY SPOTLIGHT: Clint D. CadwalladerClint D. Cadwallader leads McGrath North's Intellectual Property practice. He is also part of McGrath North's Recruiting Committee, which is responsible for the firm's regional recruiting efforts.READ MORE Publications Organizing The Family: The Purpose And Operation Of A Family OfficeAfter a matriarch and/or patriarch of a family (often referred to as the first generation or "G1") accumulates wealth, whether through closely held business arrangements or other investments, the G1 generation begins to consider how and in what form the next generations (children being "G2", grandchildren being "G3", and so on) should become involved. Once the G1 generation has made the decision to include subsequent generations in either wealth management or business operations, that G1 generation has inevitably created some form of a "family office," whether intentionally or unintentionally. The manner in which a family office can be structured varies greatly, but the common theme is that it is a way of putting certain formalities around the manner in which a family manages wealth and perpetuates the family's shared purpose and values.READ MORE     DisclaimerSite MapDisclaimer©  McGrath North Mullin & Kratz, PC LLO. All rights reserved. Attorney Advertising. Hosted on the Firmwise Platform