High net worth families are increasingly establishing family offices to manage their assets over multiple generations as their senior members reach their 70s and 80s, says a private wealth expert.
There is also a growing demand to have an estate plan in place to reduce the potential for conflict between family members over money.
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Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
