Our family office team understand the importance of ensuring a proper risk mitigation framework is in place. At Schlun & Elseven Rechtsanwälte, our team is ready to discuss a holistic, multi-step risk management approach with our clients. We seek to accomplish this by working with clients to define long-term goals based on the family’s views, collective voice and ethos. Once we are aware of the long-term goals, we will outline the risks involved in these targets. Certainly, some risks are foreseeable and generally apply, other risks may be specific to the family and their goals.
Upon identifying the risk, we can work together to establish a risk hierarchy based upon each risk’s probability and potential impact. By identifying such risks, we can create the risk mitigation plan, so that we are aware of how to react should that risk happen. By utilising resources to prepare for the risk and continuously monitoring the situation, our team is ready. For our family office clients, our team is prepared for open communication whereby their priorities are central to proceedings.