Trusts, estates and family wealth services

What EY can do for you

EY’s trusts, estates and family wealth services are designed to partner alongside you and your family to facilitate and enable the smooth transition of wealth from one generation to the next. We can support you on a broad range of tax planning and advisory matters as well as generational change, family office set up and family governance.

Family office services

As the complexity of managing the family wealth grows, families may look to professionalise this and achieve improved operational efficiency with some form of family office function. This might start small with some record-keeping assistance and other administrative support, but can quickly evolve into a full-service single family office that manages investments, tax, accounting, reporting, philanthropy and next-generation education for the full family across multiple generations.

Risk management for family offices

Risk management is another key challenge for a family, and this can also be a reason why a family may consider setting up a family office. When contemplating what measures are needed to protect the family’s assets from risk, it is important to have a broad view on risk. Strategies around data protection and privacy, cybersecurity, social media and the security of family members are often required as well as systems in place to manage financial, operational, tax and regulatory risks. Putting a comprehensive risk management framework in place will help to protect the family’s capital as well as its privacy and reputation.

EY applies a broad approach to working with families to protect the family capital. We help the family put in place systems and processes to manage its wealth in a way that achieves operational efficiencies and cost savings, whilst reinforcing family values and fostering family unity.