How Wealthy Families are Providing Coronavirus Relief Through Direct Investment

There is no doubt that 2020 has been a challenging and transformative year. For some, every aspect of life has been upended by the pandemic; for others, the day-to-day has continued largely unchanged. No one, however, has remained completely unscathed.   The same is true in the business world. Many, unfortunately, have shuttered their doors or are on the verge of doing so, while other businesses are being created or pivoting in order to transcend the limitations placed on them. Like most crises, the pandemic has presented not only challenges but opportunities for exponential growth as we learn how to do things more efficiently, more conscientiously, and more profitably. For high net worth individuals and families, who have already pledged billions to pandemic relief efforts, it has provided an additional way to support the economy while growing their wealth.…

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Managing multiple properties & weather season creates a need for complete visibility with all your physical assets.

You can’t believe it’s happening again. It seems like yesterday when you purchased your second home – a modern masterpiece just a few hundred yards from the beach in Sag Harbor – only to have it nearly levelled by Superstorm Sandy. The floor-to-ceiling windows that sold you on the property were shattered, and the recently renovated great room was under several feet of water. Outside, magnificent Linden trees, some hundreds of years old, had been felled by gale-force winds and were waiting to be carted away. The aftermath of the storm was one of the most stressful times in your life. It was bad enough having to throw out the furnishings you and your spouse had chosen with such care and excitement; losing the eclectic collection of artwork and other items, most of which had been inherited from your…

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EstateSpace is providing clarity for principals & estate managers with complete visibility.

There are several financial and personal benefits to owning multiple properties, not the least of which is feeling like you are at home when travelling to your favorite spots. Another great pleasure is being able create that feeling of home for visiting friends and relatives. Whether you are in town or not, you always make it a point to have your house stocked with their favorite foods, choose the bedrooms in which they will be most comfortable and make your household staff aware of any other particular needs they may have.  In the days leading up to their arrival, you often find yourself making several phone calls to your estate managers to ensure that every detail is accounted for. Given your busy schedule, and theirs, this can become inconvenient, particularly if the home is in a different time zone.…

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