The benefits of maintaining multigenerational assets in separate family entities can be significant. The level of effort required for the operation and maintenance of family properties, vacation homes or valued family assets can often compare to that of a small business. Private Family Services of Oxford can assist with governing your family entity by:

• Coordinating payment of entity bills
• Maintaining cash account balances for all business entities
• Maintaining records for each investment owned by businesses
• Determining and making appropriate distributions from all entities to owners
• Tracking ownership of each family entity and updating as changes occur
• Preparing periodic expense summaries and cash flow reports for each entity
• Accumulating tax information to provide the accountant the necessary data to complete annual income tax returns