Family Office  Plante Moran Trust can offer family office services that will help manage your affairs effectively, discreetly, and with the assurance of confidentiality.

 A Family Office can provide your family with a wide array of integrated services that are not collectively offered anywhere else. Whether you have homes in multiple locations, the responsibilities of managing a successful business, travel frequently, or simply want to simplify your life, family office services can help in managing your daily financial affairs. A separate mailing address and telephone line is established, giving you the needed space between you and your contractors, creditors, merchants, and vendors. Careful handling of all of your daily financial matters, effective communication, and periodic summaries and accountings (and secured electronic access) allow you to keep as much control as you wish while minimizing your time involvement. With full accountability and the credentials of a chartered trust bank, Plante Moran Trust can offer family office services that will help manage your affairs effectively, discreetly, and with the assurance of confidentiality.

Based on industry standards, it is customary for only the wealthiest of individuals to establish their own office (over $50 million net worth). For families with $10 million investable assets, we can provide valuable family office services at Plante Moran Trust.

These customized personal family office services help clients manage their money with the knowledge that we are working in their best interest. All services from tax planning to bill payment services are packaged and priced accordingly, depending on your individual requirements: 

• Tax Planning and Compliance – including preparation of tax return, timely filing, centralized location for tax returns and related reports, estimated tax payments 
• Family Education on Financial and Estate Planning Issues 
• Assistance with Loan Portfolio - negotiating terms, tracking collateral, handling paperwork, and evaluating after-tax results 
• Risk Management – Insurance Advisory Services for real estate, personal property, art, personal liability, wealth replacement, recreational vehicles, etc. 
• Personal Banking – cash management, bill payment services, wire transfers, allowances, mortgage and loan payments. See Bill Paying Services below
• Lifetime Planning Binders for all family members, including family tree, estate plan summary/flowcharts, documents including power of attorney, and advanced medical directives to organize and plan 
• Family Meeting facilitation – including use of office space, tele/video-conferencing, agenda planning, and speakers bureau 
• Customized stationery, reports, print materials, and website 
• Central location for mail, memberships, correspondence, archives, phone messages 
• Gift Program Administration – for charitable and personal giving; documentation for charitable trusts, foundations, donor advised funds, and personal exemption status 
• Accounting for administrative expenses, professional fees, internal investment management fees, employee benefits, and other tax-sensitive issues 
• Payroll and Pension Administration for domestic employees 
• Coordination of information flow for plans in place with advisors and family members 
• Alignment of various assets with client goals including employee benefit plans, multiple residences, insurance, real estate, promissory notes, partnerships, private equity, artwork, stocks and bonds 
• Fiduciary Compliance/Due Diligence for Individual Trustees; review documents, fiduciary accounting, required/discretionary distributions and investments
• Help Desk – Tech Support for desktops 
• Bill Paying Services - One very popular component of the Family Office is a personalized yet business-like approach to daily financial management and bill paying
  • Direct bill payment services for authorized bills and invoices 
  • Post office box mailing address exclusive to your family office is established 
  • Telephone line dedicated to your family office is staffed during normal business hours with voicemail available at other hours 
  • Business cards are provided for your use in communicating to new vendors or merchants your family office address and telephone 
  • We handle the change of address on all merchants and vendors 
  • Post office pickup 
  • Review and direct remittance on routine authorized bills 
  • Client may select certain bills for review which will not be remitted until authorized 
  • Any bills requiring client authorization can be electronically delivered to client for review and authorization 
  • Daily cash management and money market funds sweep 
  • Monthly chronological statements 
  • Quarterly categorized statements, customized to client’s situation 
  • On-line access to processed transactions and balances 
  • Periodic and regular service review meetings with client