Three brothers control a family office worth hundreds of millions. When the first dies, he is replaced by no one. When the second dies, no one. Last man…

Three brothers control a family office worth hundreds of millions. When the first dies, he is replaced by no one. When the second dies, no one. Last man standing controls everything - and nobody planned it. It was just the one set of papers all three were willing to sign.

The fourth installment of our Family Office issue discusses why governance is worth the effort - put it in place while everyone is still in the room.

Jeffrey Rosen, CPA, CGMA, MBArey Rosen, CPA, CGMA, MBA and I lead the Family Office practice at Frazier & Deeter Deeter. Follow me to subscribe to our weekly newsletters.

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