Established in 1993, Vogel Consulting is a consultancy firm dedicated to creating detailed and integrated family wealth management solutions. The firm has received numerous awards, including Best Regional Multi-family Office, for three consecutive years between 2014 and 2016. Vogel Consulting carries out traditional family office services such as investment management and estate planning.

A crucial part of family wealth management is estate planning. Estate planning is the process of establishing the distribution and recipients of an estate. It is essential for family wealth management as it ensures the security and continuity of a family’s wealth, businesses, and other legacies.

The first fundamental element of estate planning is inventory. The testator must ensure an all-encompassing record of properties, and monies, shares, and bonds are recorded and verified for ownership. Testators must consistently review their estate to ensure no properties are left undocumented.

The second fundamental of estate planning is establishing one’s desires. With the help of family planning consultancy firms and attorneys, the testator can most effectively ensure and safeguard their wishes. This step is vital for accounting for the needs of the family and other beneficiaries in the long and short run. It is also crucial to document one’s desires in the event of incapacity to make decisions for oneself.