"Multigenerational family offices are becoming more common, and they come with their own set of challenges. To maintain cohesion and protect the family legacy, it’s important to formalize the family’s governance structure, Steven I. Weiss reports this week. Also in this issue, we talked with Emily Thompson, an art adviser and valuation consultant, about what families need to know about collecting art. She tells us what aspects of due diligence tend to get overlooked, how to pass on art from one generation to the next, and how art differs from cash or real estate when it comes to emotional attachments."
https://crain-currency-assets.s3.amazonaws.com/pdf/vol2issue3.pdf