New York, NY
Melville, NY
Roseland, NJ
Greenwich, CT
Tinton Falls, NJ
Grand Cayman, BWI
1.800.921.0777

Family Wealth Services Group

Your Family Office @ MKLLP - Services

Tax Planning
In addition to preparing all tax returns and estimated quarterly tax projections for you and your family, the firm's dedicated staff can recommend structures for business liability and tax planning purposes; limited liability companies, S-Corps, or limited partnerships. If you are developing a hedge fund, YFO can advise you on the most tax efficient structures. In addition to completing your income tax organizer, the Group will mail your income tax returns and coordinate all associated tax payments.

Estate Planning
Your Family Office will review your current ownership and existing beneficiary designations, develop an estate plan and review your will, making recommendations and performing adjustments as necessary. An Estate Planning Book will be prepared summarizing all estate documents; including an explanation of all key provisions, an analysis of assets, tax calculation, and the amount of inheritance for each beneficiary.

Risk Management and Services
An extensive review will be performed and recommendations will be presented regarding all of your insurance needs - homeowners, auto, personal property, personal liability, and life insurance. Client strategies involving income, gift and estate, retirement and charitable planning will be reassessed to support the ultimate goals of the family.

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Investment Services
Venture capital and private equity deals will be reviewed. Your Family Office will coordinate meetings with your investment advisor to review your overall investment plan with regard to income tax (AMT), estate, gift, charitable and retirement planning, track the basis of your investments and will work with your second generation to enhance their knowledge of tax, charitable and investment strategies.

The Group will prepare customized financial statements including a balance sheet, income statement and cash flow analysis along with the preparation of certified audits, compilation and reviews for you, your family, and your company. Your Family Office will even arrange financing for homes, boats and planes.

Accounting Services
The experienced staff will pay household bills and payroll taxes, prepare customized expense reports, arrange loans, assist in opening bank accounts and provide the administration of your Family Limited Partnership. The Group will track loans and interest payments, distributions and partners' capital accounts and will arrange for financing of capital calls. As one of the largest tax groups serving the not-for-profit industry in New York, Your Family Office will maintain the books and records for your private foundation and arrange for charitable giving payments. YFO will prepare an analysis and summary of your charitable giving categorizing your donations by arts, education, medical, community, and environment.

Personal Services/Life Style Management
Whether you have an elderly relative, a special needs child, or an immigration issue, the Group can assist you with legal and medical referrals and medical insurance reimbursements. Life Management Services can be performed, even opening your mail on a daily basis or by providing an appraisal of your art or the management of your collection. A customized Lifebook will be assembled containing a list of your advisors, their contact information, bank accounts, investment summary, will summary, current balance sheet and income statement, and an analysis of your charitable donations.

Levels of Service
Since no two families are the same, no two families have the same needs. That is why Your Family Office offers two levels of service. You can decide to become a member of the Elite service and take advantage of a full compliment of services or you can choose a specific service or services, which will be customized to you and your family. Either way you will work with Your Family Office Partner to develop the plan that is best for your family.