Overview
McDermott’s Family Office Symposium 2024 gathered more than 275 family office executives to explore creative solutions to navigate complexity and gain fresh perspectives on the challenges they face. Over two days, participants heard from family office leaders and McDermott partners on the latest developments impacting family offices and exchanged insights on strategies to manage wealth and legacy in a dynamic environment.
This report provides key takeaways from each of the following sessions, including highlights from live polling conducted during the event to provide additional context and insights:
- Here is What We Do Know: Potential Federal Tax Policy Developments
- Politics, Privacy, Power & (Non)profits
- Stress Testing Your FLP: The Anatomy of an FLP Challenge
- This Ain’t Our First Rodeo: How to Successfully Navigate a Large Trust Administration
- Bridging the Divide: Successful Generational Transitions
- Navigating Tax Controversies with a Reinvigorated IRS
- We Are Here … Now What? Beyond the Basics of the Corporate Transparency Act
- Should I Stay or Should I Go? Residency and State Income Tax Planning
- From 1.0 to 2.0: Life After the Sale of the Family Business and Other Major Events
- Updating the Family Office Toolkit: Recent Developments
- World on Fire: Managing Wealth Mobility in a Complex Global Environment
- Cybersecurity, Employment Litigation and Other Threats: Reinforcing the Family Office
- Strategies to Support Struggling Family Members
- Unhappy Campers: Managing Family Member Exits