Beyond estate planning, a family office allows a high-net-worth family to transfer current wealth and future appreciation to the next generations. A family office is a structure that manages the financial and personal affairs (e.g., managing travel arrangements) of one or more wealthy families. Depending on the investment strategy, the family office may invest in public equities or create its own private equity fund. The family office can even provide venture capital to entrepreneurs in subsequent generations of the family. A family office may be suitable for a family looking for bespoke wealth management and concierge professional services. A high net worth family interested in the family office model could join an existing multifamily office, or establish their own single family office.