Family Office Group at Travis Bowen, PC is broken into Client Consulting Teams which offer a complete range of professional and legal services to those seeking security for their individual and family wealth. We have experienced and knowledgeable Attorneys, CPA’s, Consultants and Financial Advisors who specialize in wealth management for high-net worth individuals across the United States. Our Family Office Group assigns a Client Consultant to each family who serves as the principal advisor to families of exceptional wealth, offering counsel on complex financial issues, and guidance on the selection of appropriate advisors who design, build and maintain a customized Wealth Management Plan for our clients. The Family Office Group of Travis Bowen, PC can handle any matter of concern to high-net worth individuals. The leaders of our Family Office Group have combined experience of more than 150 years in the practice of law, wealth management, tax and high-net worth consulting. The Family Office Group coordinates with our clients and calls upon the expert assistance of other Firm members to handle issues in all areas of the Wealth Management Plan:
One of the greatest challenges faced by families in the wealth management business is effectively managing the team of advisors who provide multiple financial services for family groups to ensure that the family’s goals are met. The Family Office Group identifies the responsibilities of each of the key advisors on the team: Accountants, Attorneys, Bankers, Brokers, Custodians, Financial Planners, Insurance Providers, Investment Consultants and Investment Managers.
Includes all aspects of business, personal and estate planning; domestic and international tax issues; trusts; powers of attorney; gifting, estate and income tax reduction strategies; charitable foundations and supporting organizations and charitable trusts; family limited partnerships and limited liability companies (LLCs); life insurance trusts; foreign and domestic asset protection trusts; qualified personal residence trusts (QPRTs); grantor-retained annuity trusts (GRATs); intentionally defective trusts; and special-needs trusts.
Entity Formations
Includes partnerships; domestic and foreign corporations; limited liability companies (LLCs); limited liability partnerships (LLPs).
Business Transactions
Includes all aspects of analyzing, structuring, negotiating, drafting, and closing all types of business transactions.
Business Succession Planning
Includes shareholders’ agreements; employee stock ownership plans (ESOPs); leveraged buy-outs (LBOs); and other forms of buy-sell agreements. Also includes strategic planning for funding with various products and lenders for each type of succession plan.
Litigation
Philanthropic Planning
Charitable and Philanthropic activities should be part of a carefully coordinated Wealth Management Plan. Our experienced professionals help clients choose the appropriate planning entities to enhance their charitable giving desires, - often a charitable supporting organization, but may also include charitable not-for-profit corporations or trusts. And we integrate charitable activity into an individual's or family's overall Wealth Management Plan.
Real Estate Matters
Includes coordination of counsel for the purchase and sale of family residences and vacation homes; contracts with real estate agents, builders, engineers and architects; lender relationships; governmental entitlements; and land-use planning.
Employment Practices and Liability
Includes pre-employment screening; confidentiality agreements; employee arbitration agreements; employee handbooks; workers compensation and other employee liability insurance; at-will employment agreements; labor procedures; employee restraining orders; workplace violence prevention advice; independent contractor agreements; and separation agreements.
Investment, Insurance and Wealth Preservation
Includes access to institutional wealth management advisors for cash management, private equity placements, exchange funds, hedge funds and concentrated and restricted stock strategies. The Family Office Group tracks and coordinates all investment, insurance and wealth preservation activities. A client’s full investment, banking, insurance and wealth portfolio is pooled and updated daily, ensuring a complete and up-to-date financial picture at any given time.
Intellectual Property
Includes coordination of representation for worldwide copyright, trademark and patent development and protection
Aircraft and Watercraft
Includes tax-deferred exchange, purchase and sale; leasing; time-share; maintenance; and taxation.
Advisor Team Coordination
Because cooperation between and coordination with various professionals is critical to the overall success of our client’s Design Strategy and overall Wealth Management Plan, one of the primary functions of our Family Office Group Team facilitates regular contact with our client’s other advisors. Whether our clients use advisor’s previously engaged or we assist in introducing new advisors to our clients, our Family Office Group Team ensures that this team of advisors achieves the goals and objectives of our clients.
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| Our Family Office Group relies on carefully selected, in-house Client Consultants who are professionals with years of experience consulting high-net-worth clients. They work with each family and individual family members coordinating with family advisors in regards to the design, building and maintaining of the client’s Wealth Management Plan. Client Consultants have access to key tax, risk management, investment and insurance industry professionals within our firm to ensure that a client’s wealth preservation and growth needs are continuously monitored and that key adjustments are made on a regular basis. Our Family Office Group Client Consultants work with existing professional advisors or will research and recommend appropriate advisors who will contribute appropriate advice for our client’s overall Wealth Management Plan. | ||||||
Accountants
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Our Family Office Group relies on carefully selected, in-house Client Consultants who are professionals with years of experience consulting high-net-worth clients. They work with each family and individual family members coordinating with family advisors in regards to the design, building and maintaining of the client’s Wealth Management Plan. Client Consultants have access to key tax, risk management, investment and insurance industry professionals within our firm to ensure that a client’s wealth preservation and growth needs are continuously monitored and that key adjustments are made on a regular basis. Our Family Office Group Client Consultants work with existing professional advisors or will research and recommend appropriate advisors who will contribute appropriate advice for our client’s overall Wealth Management Plan.
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Attorneys |
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Attorneys are intimately involved in the wealth management process from the creation of entities that house different kinds of assets through the accumulation, preservation, and distribution phases of our client’s lives. Our in-house attorneys, of-counsel and national and international affiliate attorneys advise our clients regarding the structure of their operating companies, how to reduce taxes, how to protect their assets, how to gift interests with the optimal control and tax benefits, and more. While most family offices participate in the wealth transfer/estate planning process, they usually do so in conjunction with an estate planning attorney. We are unlike most family offices in that we provide full-service gifting recommendations and implementation to our clients with our in-house attorneys. Knowledge of who owns what and how it is owned is one of the greatest contributions the attorney brings to the team.
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Bankers |
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The banker owns the understanding of the client's cash and credit positions. Our Family Office Group serves as a key coordinator for credit and lending management. Credit is an essential tool in managing the family financial acquisition and investment portfolios, and can greatly impact tax and estate planning. Credit management also has a direct relationship to cash flow management. The banker's role on the Advisor’s Team is to be aware of the client’s various credit and lending strategies, and to provide the proper products and services to meet those needs.
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The Family Office...
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• A Family Office is a formal center for managing and preserving family wealth.
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• A Family Office exists to serve the financial and lifestyle needs of a family and its future generations.
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• A Family Office serves as the central coordinator of all business, investment and personal activities.