About the Course
Introduction
This CLE course will discuss legal issues attendant with advising family offices established by high-net-worth individuals and families. The program will discuss the Investment Advisers Act, employment and executive compensation, and U.S. and foreign income tax issues.
Description
Family offices are increasingly sophisticated platforms through which high-net-worth families manage investments, governance, tax planning, estate planning, philanthropy, risk, and administration. Their legal profile can vary significantly depending on whether the office serves a single family, multiple family offices, or third parties.
This program will provide a useful practice-oriented framework for attorneys advising family offices, addressing core structuring considerations, including single-family versus multi-family office models, entity formation, tax-efficient management company structures, and the impact of Code Section 212. The discussion will also cover key regulatory issues under the Investment Advisers Act of 1940, including the “family office exemption,” issues related to SEC registration, and regulatory disclosure and compliance obligations.
The program will survey recurring legal subject areas that counsel to family offices may face, including employment, executive compensation, privacy and cybersecurity, crisis management, litigation, and tax controversy. The panel will also highlight trusts and estates issues, including fiduciary duties, and planning lessons from cases such as Powell, as well as cross-border issues involving non-U.S. family members and entities.
Listen to our authoritative panel as they provide a practical framework for identifying the principal legal, tax, regulatory, fiduciary, employment, and risk-management issues that arise when advising modern family offices.
Presented By
Ms. Duval works with fund managers, sophisticated family offices, and other private capital investors on tax and entity structuring, investment planning and execution, and private fund formation and management. She advises fund managers and investors on the structuring and formation of private funds. In her guidance to clients, Ms. Duval reviews and negotiates fund documents across a variety of private fund types, including private equity funds, real estate funds, hedge funds, digital assets, and venture capital. She provides tax and structuring advice on co-investment opportunities and direct capital investments across a spectrum of asset classes. A tax lawyer by training, Ms. Duval understands the tax rules related to private foundations and other charitable organizations and advises on the associated challenges when these entities or related individuals are parties to an investment. In her role as trusted counsel for family offices, Ms. Duval guides the structuring and servicing of family offices and transactional work related to their investments. She also advises family offices and private foundations on such issues as social capital and grantmaking.
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Mr. Ghazi advises family offices, fund sponsors, and high-net-worth individuals on the tax-efficient structuring of investment funds and family office vehicles, both domestically and internationally. He focuses his family office practice on the formation and restructuring of family offices and private trust companies; the establishment of incentive equity programs for key personnel; and advising on pre-immigration planning, expatriation strategies, and related matters involving international and partnership taxation.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Thursday, July 23, 2026
- schedule
1:00 PM ET/10:00 AM PT
I. The role of the family office
II. Legal aspects of designing, implementing, and operating a family office
A. Structuring: Single vs. multi-family office models, formation, and more!
B. Employment
C. Executive compensation
III. Tax issues and considerations
IV. Current regulatory compliance concerns and recent legal changes
A. The tax planning implications of OBBBA
B. Evolving AI regulations
C. Data privacy protection requirements (domestically and internationally)
D. Governance
The panel will review these and other key issues:
- What are the regulatory compliance issues for counsel assisting in structuring family offices?
- What is the scope of the SEC exemptions for a family office registering as an investment adviser?
- What are some of the key tax issues for family offices?
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