Personal Trust and Family Office Services
Back To All Practice Areas
With a focus on serving our clients’ best interests, Woods, Weidenmiller, Michetti & Rudnick, PLLC offers personal trust and family office services that take into account each client’s distinct set of circumstances. We do not provide financial products or investment services, nor do we accept referral fees from those who provide our clients with such services. Instead, we maintain our objectivity by retaining relationships with several third-party insurance, tax, and financial advisors, to include those who may currently have relationships with our clients.
Personal Trust Services
The partners at Woods, Weidenmiller, Michetti & Rudnick, PLLC are routinely sought after to serve as co-trustees or trustees of our clients’ trusts, particularly by those who wish to keep their attorneys involved in protecting their family’s wealth in accordance with the wishes outlined in their trust documentation. Our firm understands the importance of this, especially since most clients take a considerable amount of time to plan for the future by discussing estate or other long-term plans with an attorney to ensure that their wills and trusts fulfill their needs.
The firm offers the following trustee services:
- Trust administration
- Serving as trustee for various types of trusts
- Acting as personal representative or co-personal representative for an estate
- Investment performance review and analysis
- Tax planning
- Asset safe-keeping (the client is permitted to choose a custody and investment advisor for marketable securities)
- Offering help with coordinating other professional service needs, such as tax, investment, legal and insurance issues
- Record keeping/reporting
We are prepared to provide you with sound advice in order to ensure your needs and wishes are met. While we do not provide investment advice or benefit in any manner from any arrangements held with our third-party advisors, making sure your assets are managed properly and sensibly is of utmost importance to us. That is why we collaborate with independent investment advisors who will keep track of your cash requirements, asset allocation and overall investment goals. And for those clients who have their own investment advisors on-hand, we are more than happy to speak with them, so long as we can ensure they meet our background and performance requirements.
Woods, Weidenmiller, Michetti & Rudnick, PLLC has the experience and objectivity needed to handle our clients’ trust needs. We take a team approach to help us meet our goal of establishing and maintaining close professional and personal relationships with our clients and their families. Additionally, the fees we charge are fair and customized to each client. The partners take personal responsibility for the services provided and we tailor such services to meet our clients’ needs, while providing greater value than the fees charged.
Family Office Services
Woods, Weidenmiller, Michetti & Rudnick, PLLC offers family office services along with the trustee services noted above. Our family office services include:
- Wealth planning
- Estate planning
- Philanthropic planning
- Help with choosing and periodically reviewing insurance services
- Gift, estate and income tax services
- Financial education for the family
- Bill payment and concierge services
- Implementing and coordinating major initiatives, such as completing a major revision to an existing estate plan or selling off significant assets
Ultimately, we act as a “virtual business office” for our clients and we work hard to help our clients meet their financial goals for years to come.
Woods, Weidenmiller, Michetti & Rudnick, PLLC takes not only an objective approach, but also a sophisticated approach when it comes to assisting families with wealth and general family life. We know that our clients and their families have very specific needs, particularly when such individuals have a great deal of wealth.
We are a full-service law firm that is prepared to not only conduct a thorough wealth transfer and estate planning analysis for the entire family, but to also help with developing appropriate succession plans for individuals with family businesses. As is the case with our personal trust services, our fees for our family office services are tailored to each client and are typically a fixed periodic amount.
At Woods, Weidenmiller, Michetti & Rudnick, PLLC, we have the experience needed to counsel our clients and represent them in not only simple matters, but also complex transactions that wealthy families routinely encounter. Contact us today for assistance.