For many HNW families, there comes a point where having family office services becomes not only beneficial, but essential to survival in the long term. First, preserving wealth is very different from creating it – this is evidenced by the famous fortunes throughout history that have disappeared within a few generations.  It requires knowledge around investments and tax laws that may extend far beyond your own, as well as the ability to create and adhere to a budget. Second, having a family office can also help with the emotional component of managing the family finances, for example, when dealing with relatives with whom you have a strained relationship or opposing ideologies about investing and philanthropy. An objective governing body can help you and your relatives sidestep landmines and even heal long-standing rifts. By the same token, it fosters an…