The term "family office" has become pervasive, but what does it even mean? What are the choices for families who think they might need or want a family office? This program will provide an overview of various family office designs and the tax and non-tax considerations for each. The presenters will provide a framework for advisors to use when helping clients determine the best option to achieve the family's goals over time, including the creative use of directed trusts and purpose trusts in the overall design. When is a "Lender-style" profits interest/investment office structure appropriate for a family? When should a family consider a private trust company? How do these structures fit within a family's other family enterprises, entities, and trusts? The presenters will answer commonly asked questions and address important issues when advising ultra-high net worth families in family office design.